Newmont Farm-in at Bauloora Project
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Newmont Farm-in at Bauloora Project
Legacy Minerals Holdings Limited and Newmont Corporation (“Newmont”, NYSE: NEM, TSX: NGT) have signed a $15M JV at its Bauloora Project located in New South Wales, Australia.
The Bauloora Project
· Bauloora is a large low sulphidation epithermal project (“Project”) in the Lachlan Fold Belt, NSW.
· Across Bauloora, Legacy Minerals has undertaken a systematic exploration program focused on mapping, regional targeting, and soil sampling across an 27km2 epithermal vein field.
· Legacy Minerals recently completed a maiden diamond drilling program targeting the Mee Mar low-sulphidation epithermal veins with final assays pending
About Newmont Corporation
· Newmont is the world’s leading gold company with a market cap of approximately US$36.37 billion which operates a portfolio of world-class mining assets with a combined Mineral Reserve of 96.1Moz
· Newmont has extensive experience in the discovery and development of epithermal systems including at its formerly owned Pajingo mine (4.5Moz Au)[iii]and Cerro Negro, Argentina (7.1Moz)
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