The Board of Proto Resources & Investments Ltd (“Proto”, the “Company”) (ASX:PRW) is pleased to announce a progress report on the Mooloogool project in Western Australia. The Mooloogool Project is located approximately 85km North East of the regional centre of Meekatharra in Western Australia.
Proto has entered into this copper gold joint venture project with Dourado Resources Limited (“Dourado”, ASX:DUO) as it is a very impressive landholding in a highly prospective area. Proto and Dourado conducted a ten day ground survey and both Proto and Dourado have just received the geological report of this site visit. The significant benefits of Proto’s joint Mooloogool joint venture include the great time and financial cost savings that have already been earned through Proto and Dourado working together and sharing facilities and knowledge.
A full summary of the geological report is being compiled and will be announced in the short term. This report will also include the announcement of the next round of ground exploration on the Mooloogool joint venture and in particular when the first drill program will commence (which is expected early in the New Year).
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