Golden Deeps Limited (AU:GED) has released an update.
Golden Deeps Ltd has secured a significant opportunity to expand its mining endeavors with a binding agreement to acquire an 80% interest in four promising exploration licenses in New South Wales’ Lachlan Fold Belt, a region known for its copper-gold deposits. The deal commits Golden Deeps to an initial exploration expenditure, building on previous work to identify drilling targets for porphyry and volcanic-hosted copper-gold resources. CEO Jon Dugdale expresses confidence in the potential for major new discoveries, comparable to the renowned Cadia-Ridgeway mine, and looks forward to advancing the exploration program.
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