1. Most Discussed
  2. Gainers & Losers
EQI 0.0¢

miningnet.news article

  1. stolwyk

    22,691 Posts.

    Thursday, April 01, 2004

    JINDALEE Resources has granted Equigold an option to explore Jindalee's wholly owned Kirkalocka gold project roughly 80km south of Mt Magnet in Western Australia's Murchison region.

    Equigold must assess the project by August 31, and may earn a 60% interest by spending $250,000 within four years.

    After that process, Jindalee would have a choice between contributing pro-rata or diluting to a 20% interest, free-carried to completion of a bankable feasibility study.

    Equigold holds 100% of a neighbouring gold mine with the same name as the Jindalee exploration project.

    Jindalee managing director Lindsay Dudfield said the close proximity to the Kirkalocka mine would improve the likelihood of early cash flow if a discovery is made at the exploration project.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.