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Medusa to explore in Queensland hoping for monster find in Drummond Basin

PHILIPPINES gold miner Medusa Mining has branched out into Queensland, signing a deal covering exploration ground in the southern Drummond Basin region with an unlisted company called 1064 Gold managed by Ryan Welker, ex-Hancock Prospecting.

Michael Quinn
Pajingo, not part of the Medusa-1064 Gold, is a multi-million ounce deposit in the Drummond Basin, Qld

Pajingo, not part of the Medusa-1064 Gold, is a multi-million ounce deposit in the Drummond Basin, Qld

Medusa will acquire 4150sq.km of ground considered prospective for "large, intrusion-related gold systems" in return for issuing 20 million shares, equivalent to circa 10% of its issued capital. Drilling...

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