Gold miner and explorer Kingsgate Consolidated Limited
(ASX:KCN) has inked a joint venture agreement with Trafford Resources Limited
(ASX:TRF).
The JV is with Kingsgate's Dominion Gold Operations in South Australia.
Trafford has bought a 51 per cent stake in the Western Gawler Craton Joint Venture surrounding the established high grade Challenger Gold Mine.
Trafford has welcomes its increased exposure in the region and says it looks forward developing the economic potential of the area with Kingstage.
In the first half of the 2012 financial year Kingsgate reported a net profit of $33.9 million.
