Navigator Resource Limited (NAV) advises that it has entered into a conditional agreement to purchase the assets of the Bronzewing Gold Project from the Aministrators of View Gold Pty Ltd and View Resources Limited (Subject to Deeds of Company Arrangement). The purchase price for the acquisition of the Bronzewing Gold Project is A$9.55M plus the assumption of various environmental bonding obligations totalling A$6.45M.
The Bronzewing Gold Project, located approximately 83km northeast of Leinster and 800km northeast of Perth, comprises the Bronzewing and McClure group of mines within a semi-contiguous landholding of approximately 1,000km2. The Bronzewing deposit was discovered in 1992 and was developed at an initial cost of US$59M in 1994. Normandy Mining acquired the Bronzewing operation in 1999 and was subsequently taken over by Newmont Mining in 2002.
http://www.navigatorresources.com.au/
Tags: NAV, Navigator Resources, New Purchase
