Mutiny Gold Limited has entered into a "tribute mining agreement" with Cobra Mining Pty Ltd; under the deal, Cobra will fund and conduct mining operations for 70% share of the profit while Mutiny will receive 21% with joint venture partners Lee/Daxon receving 9%.
Mutiny Gold announced results from a Mobile Metal Ion (“MMI”) geochemical testing on the lower southern Bounty Zone, within the White Well Gold Project in the Murchison region of Western Australia. Response ratios calculated from MMI program confirm the potential for additional mineralisation of the Bounty Zone.
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