MAXY Gold Corp is seeking Chinese partners for joint exploration efforts on its best properties in China. It is reviewing options due to minimal cash reserves but is keen to continue exploration. In light of prevailing market conditions and its cash situation, Maxy has suspended field exploration on its projects, including the Midu Gold Project in Yunnan province and Huangnan Project in Qinghai province. The main target at Midu is the Muluo-zuo area where recent exploration confirmed and extended the presence of a low grade gold zone at depth and along strike and the discovery of two new gold zones in the East Muluozuo area.
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