Carawine Advances Exploration, Faces Acquisition

Carawine Resources Ltd. (AU:CWX) has released an update.

Carawine Resources Ltd has completed a drilling program at its wholly-owned Cable tenement in the Paterson Project, with assays due in late Q3 2024. The program aimed to explore for multiple minerals, including copper and gold, and followed the identification of several conductive anomalies. Additionally, Fortescue has begun a drilling program as part of the Coolbro JV, and Carawine’s major shareholder, QGold, is proceeding with a compulsory acquisition of the company’s shares.

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