Junior hopes to revitalise Victorian goldfields

AUSTRALIAN junior Panaegis Gold Mines and global-backed miner Perseverance Mining have terminated their joint venture over a trio of Victorian mineral tenements, instead entering an agreement that will give Panaegis full ownership of the Nagambie gold project.

The deal will see Panaegis take a 100% interest in three JV tenements, including one 763 hectare landholding that was previously held by Perseverance and contains the historical Nagambie mine,