Evolution acquires Marsden copper-gold project
Mon, 10/17/2016 - 15:57 Anonymous (not verified)
Today Evolution Mining Limited advised that it has entered into a binding agreement with Newcrest Mining to acquire the Marsden copper-gold project.
Marsden is a copper-gold porphyry deposit located immediately to the south-east of Evolution’s Cowal gold mine in New South Wales, and is the nearest known sizeable mineral deposit to the Cowal operation outside the Cowal tenement package; as such, it has strategic value to Evolution’s exploration activities in the region. Technical review by Evolution has shown that the potential to develop the Marsden deposit is enhanced by utilising the Cowal milling circuit and associated infrastructure.
Jake Klein, Executive Chairman of Evolution said “The Marsden project provides long term optionality to our nearby Cowal operation and has the potential to further extend the life of what is already a long-life operation.”