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Rincon Resources Pty Ltd ( Rincon ) The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140, 000) in Rincon, an Australian gold and base metals exploration company. At the time the Company s investment represented approximately 28% of Rincon s issued share capital. Rincon is a Western Australian ( WA ) focused gold and base metals company which holds a 100% interest in three highly prospective projects in WA; the South Telfer, Laverton and Kiwirrkurra Projects. Each project has been subject to historical exploration which has identified large outcropping mineralised systems. Rincon intends to explore the projects in order to delineate copper and gold resources. It intends to drill these three projects during the first half of 2021.The main focus is on the South Telfer Project, covering 50,000 hectares in the Paterson province. The South Telfer Project is approximately 1 ....
Rincon Resources Pty Ltd The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140,000) in Rincon Resources Pty Ltd ( Rincon ), an Australian gold and base metals exploration company. At the time the Company investment represented approximately 28% of Rincon. Rincon Resources is a Western Australian ( WA ) focused gold and base metals company and holds the rights to three highly prospective projects in WA, with a main focus on the South Telfer Project, covering 50,000-hectares in the Paterson province. The South Telfer Project is approximately 12km south of Newcrest Limited s Telfer mine. Rincon s Laverton and Kiwirrkurra Projects are also highly prospective gold and base metals projects. ....