Junior finalises 2.5 million dollars deal

摘要

Newly listed Southern Gold Ltd has wasted little time kick starting the potential of its mining projects - announcing a 2.5 million dollars joint venture package to explore its uranium assets in South Australia. Southern Gold - which only recently listed on the ASX after a 4 million dollars capital raising - has secured separate agreements for its acreage close to the Challenger gold mine, and on the Yarlbrinda and Southern Gawler Arc projects on the Gawler Craton. The JVs are with Newcastle Stock Exchange listing Hindmarsh Resources Ltd, which took a 4.9 percent stake in the Southern Gold listing.