EXPLORATION & DEVELOPMENT

Mineral Commodities farms into Harris Reward

MINERAL Commodities has applied for a tenement covering a 53sq.km region between Roseberry and Hellyer in north-western Tasmania as well as farmed into the Miners Ridge tenement south of Queenstown.

Greg Tubby

The miner will shortly commence drilling on the Harris Reward prospect area as part of the farm-in arrangements. It has committed to a minimum expenditure of $125,000 with a right to earn an 80% interest in the tenement for an expenditure of $700,000.

“Both tenements are located within the Mount Read Volcanics belt, which is regarded as one of the richest volcanic-hosted massive sulphide provinces in the world yet has received comparatively limited exploration by modern methods,” the company said.

 

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