Latitude set to acquire WA near term gold projects

Latitude Consolidated ASX release

Latitude Consolidated has acquired 100% of the issued capital of private company MGK Resources which holds the Quinns and Mt Ida South Gold Projects, located approximately 110km west of Leonora in the Eastern Goldfields of Western Australia.

Latitude Consolidated ASX release
Latitude Consolidated ASX release

The projects cover a large area of the highly prospective and underexplored Mt Ida Geenstone belt, which is also host to Eastern Goldfield Ltd’s high grade Mt Ida underground resource of 259,000t at 15.4g/t for 128,000 Oz.

The company commenced an extensive historical exploration data review on both projects with a view to update to JORC 2012 standards and to develop a program of works and prioritise exploration targets.

“The Company believes that the acquisition of Mt Ida South and Quinns provides a solid foundation for further acquisitions in the gold sector,” Latitude told the ASX.