Paradigm signs option for Yellow Mountain gold project, NSW August 17, 2010
Posted by Fortbridge in Mining.Tags: gold, nsw, option agreement, paradigm metals, yellow mountain project
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Paradigm Metals (ASX: PDM) has signed an option agreement with Triako Resources (now CBH Resources) and Golden Cross Resources for the right to earn a 51% joint venture interest in the Yellow Mountain gold project near Condobolin, New South Wales.
Past drill results have identified an oxide gold blanket 4 sq km in area at the Quarry Hill prospect, with higher grade intercepts including 16m @ 2.7g/t, 11m @ 1.2g/t and 1m @ 5.3g/t Au. Only a small part of the prospective anomaly has been drilled.
The first 1000m of air core drilling will be initiated around the end of August 2010.
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