Mineral exploration company Strickland Metals has completed the acquisition of Renegade Exploration Limited’s 75% interest in the tenements that comprise Yandal east gold project.
The Yandal east gold project, which is approximately 320km2 in size, lies immediately to the south of the company’s flagship Horse Well gold project.
The Tenements remain subject to a joint venture with Zebina Minerals, whose 25% interest is free carried until mine development.
Strickland Metals’ CEO Andrew Bray said the acquisition extends the company’s tenure of strike over the geologically significant Celia Shear zone to more than 100km.
“We are delighted to have concluded the acquisition of the Yandal East project, and I’d like to thank the team at Renegade for making the transaction straightforward and simple to conclude,” Mr Bray said.
“We are very much looking forward to commencing exploration on the Renegade tenements in due course.
“We will provide an update to the market early next week on current and upcoming exploration programs.”
