Strickland Metals has reached an agreement with Silver Lake Resources to acquire the company’s 37% interest in the Horse Well Joint Venture (JV) for $1,750,000.
Located in WA’s north-eastern Goldfields region, Horse Well Gold is an advanced gold exploration project previously operated under a JV agreement between the two companies.
Strickland Metals’ CEO Andrew Bray said the transaction marked ‘a critical milestone’ for the Company, which is now the 100% owner of the Horse Well tenement package.
“I’d like to thank Silver Lake for their efficiency and expediency in moving the Transaction towards completion,” Mr Bray continued.
“We are continuing to evaluate a number of other opportunities in the immediate surrounding region while also preparing to kick off exploration programs in the coming months.
“We look forward to providing further updates in due course.”
