EXPLORATION & DEVELOPMENT

CQR farms into Connors Arch joint venture

CENTRAL Queensland Resources has signed a letter of agreement to farm into five tenements in the Waitara area of the Connors Arch joint venture in Queensland, according to Sydney-based Marlborough Resources.

Greg Tubby

Under the agreement, CQR will spend $100,000 on an agreed exploration program by February 17, after which it can spend a further $300,000 by August 17, 2003 to earn 51% equity in the tenements. Currently,...

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