Evolution backs Drummond gold venture
Evolution Mining has committed to Stage 2 of the Drummond gold joint venture, which will see it spend a further $4 million on the North Queensland exploration project.
Joint venture partner Andromeda Metals said the pace at which Evolution had met its Stage 1 commitments and the decision to proceed to Stage 2 underlined the prospectivity of the project to host high-grade epithermal gold deposits.
The Drummond tenements cover about 520sq km in an area about 90km south-east of Charters Towers and 50km south-west of Evolution’s Mount Carlton gold operation.
Stage 1 of the joint venture. . .
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