Montezuma Mining Secures 100% of Mt Padbury Projectadmin
Montezuma Mining announced that it has successfully negotiated an agreement with Dolphin Resources to acquire their 10% interest of the Mt Padbury licence E52/1529. In consideration for Dolphin’s remaining interest, Montezuma will issue to Dolphin 400,000 fully paid shares and 100,000 options exercisable at $0.20. The licence is highly prospective for gold, manganese and iron ore and is a key part of its Peak Hill portfolio. The Wood Creek gold prospect within the Mt Padbury licence has excellent potential to result in a commercial resource within the context of its overall strategy of producing gold at the Peak Hill mine.
Original Announcement: Montezuma Secures 100% of Mt Padbury Project