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CGN Resources to acquire Desdemona Project in Western Australia
['Shree Mishra']
News - Mining Technology
The newly acquired land lies directly along strike from several major gold mines including Gwalia, King of the Hills and Ulysses.
CGN Resources has finalised a binding agreement to acquire the Desdemona Project from Patronus Resources, significantly expanding its landholding in the Leonora Gold Province in Western Australia.
The newly acquired land lies directly along strike from several major gold mines including Gwalia, King of the Hills and Ulysses, which collectively hold more than 14 million ounces of gold.
“CGN already held a highly prospective footprint, but the addition of the Patronus project elevates us to a new level, positioning the company among the largest landholders in the Leonora District.
“This acquisition delivers CGN a substantial pipeline of high-quality exploration targets.