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New Joint Venture Targets IOCG in Southern  Gawler Ranges

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New Joint Venture Targets IOCG in Southern Gawler Ranges

23 June 2017

Terramin Australia Limited (ASX:TZN) (Terramin) is pleased to announce that Menninnie Metals Pty Ltd (MMPL), a wholly owned subsidiary of Terramin, has entered into an earn-in joint venture agreement with Evolution Mining Limited (ASX:EVN) (Evolution) for exploration in the South Gawler Project which covers 11 tenements held by MMPL in the northern Eyre Peninsula of South Australia, approximately 320km northwest of Adelaide (Figure1) (Agreement).

Exploration will primarily target Iron Oxide Copper Gold (IOCG) breccia deposits in areas that have seen limited exploration thus far. The joint venture has been formed to accelerate exploration of breccia style targets with similar characteristics to Olympic Dam, Carrapateena, Prominent Hill and IOCG deposits elsewhere.

 

 Read more here.

Source: Terramin Australia Limited, ASX Announcement

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