Hawthorn Resources Limited (AU:HAW) has released an update.
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Gibb River Diamonds Limited has announced the strategic acquisition of the mining lease M31/481, which is integral to their Edjudina Gold Project in Western Australia, as it adjoins their existing license with a significant gold resource. The deal involves a total consideration of 3 million GIB shares and brings with it a trove of historical mining data. This expansion not only enhances the project’s gold discovery prospects but also provides access to existing gold workings and infrastructure, setting the stage for a future drilling program.
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