SFR QR out, nothing to add to GTE QR on N. Yerrida, but at least they acknowledge as follows:
Sandfire entered into a Farm-in Agreement with Great Western Exploration Limited (ASX: GTE) in April 2017 to earn up to an initial 70% interest in GTE’s Northern Yerrida tenements, located 25km south of the DeGrussa mining operation. Sandfire has the right to farm into 11 of GTE’s Exploration Licenses in the Northern Yerrida basin, Western Australia, covering a total area of 1,560km2.
Sandfire commenced a VTEM geophysical survey that included the Yerrida North JV area during the Quarter. The survey has been flown at 200m line spacing and will cover a large portion of the Yerrida North JV area. The survey has successfully mapped highly variable conductive terrain, and will aid in exploration within the Yerrida North JV project, where Sandfire is targeting VMS mineralisation similar to DeGrussa.
GTE Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
