New Murchison Gold's Ore Purchase Agreement for Western Australia Gold Deposit With Westgold Resources Comes into Effect

MT Newswires Live

04-07

New Murchison Gold (ASX:NMG) said that all conditions precedent to an ore purchase agreement for the Crown Prince gold deposit in Western Australia between its unit Zeus Mining and Big Bell Gold Operations, a unit of Westgold Resources (ASX:WGX), were satisfied or waived, and the agreement came into full effect, according to a Monday Australian bourse filing.

New Murchison said it had acquired an industrial yard and facility in Meekatharra for use as an operational base before the site establishment of the deposit.

Tenders for the principal operational contracts, including mining, crushing, and dewatering, are being evaluated and the firm is continuing to conduct grade control drilling and deep diamond drilling.

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