Everest Metals Corporation has entered into a tenement sale agreement to wholly acquire two gold-prospective exploration leases southwest of Paynes Find in WA known as the Ninghan project. The zone is also home to the 2.1 million-ounce Mount Gibson gold project, Surefire Resources’ exciting Yidby Gold project and Silver Lake Resources’ over 380,000-ounce Rothsay Gold venture. The northern lease is adjacent to Surefire’s Yidby Gold project in WA’s Mid West where the company recently tabled outstanding gold recoveries of between 97.6 per cent and 99.5 per cent from gravity and cyanide leach tests on samples from the operation. The second lease in Everest’s potential acquisition is positioned beneath the Great Northern Highway and is north of Capricorn’s over 130 square kilometre Mount Gibson project. Everest has quickly filled its dance card this year after picking up a potentially fruitful patch of turf in a bustling part of WA.
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