Capricorn picks up 2Moz project

NEWLY minted gold producer Capricorn Metals has agreed to acquire the Mt Gibson gold project in Western Australia in a deal worth A$39.6 million.

Capricorn picks up 2Moz project Capricorn picks up 2Moz project Capricorn picks up 2Moz project Capricorn picks up 2Moz project Capricorn picks up 2Moz project

The Mt Gibson gold project sits just off the Great Northern Highway

Mt Gibson, 280km northeast of Perth in the Murchison district, has an inferred resource of 79.7 million tonnes at 0.8 grams per tonne gold for 2.08 million ounces of gold, estimated by Capricorn.