White Rock Minerals executes definitive agreement with Thomson Resources to advance Mt Carrington Gold-Silver Project
Thomson will assume management of the Mt Carrington project and will have sole responsibility for keeping the project in good standing. Mt Carrington is 5 kilometres from the township of Drake in northern NSW
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) and Thomson Resources (ASX:TMZ) have executed a definitive agreement to advance the Mt Carrington Gold-Silver Project in northern New South Wales following the completion of due diligence.
The agreement provides for a three-stage earn-in and option to joint venture whereby Thomson can earn-in for up to 70% of White Rock’s Mt Carrington project and at Thomson’s election form a JV.
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