The first international expansion of its mineral exploration activities – into Peru’s resources rich provinces – has been announced by New South Wales-based gold explorer, Commissioners Gold Limited (ASX:“CGU” or “the Company”).
The Board of Directors of Commissioners Gold announced today that the Company had signed a Joint Venture agreement with Lima–based unlisted resource junior, Australia Gold Corporation Limited (AGC), to establish a 50:50 project acquisition joint venture to identify and acquire resource projects in Peru.
The initial Joint Venture commences today and runs for six months, with Australia Gold managing the due diligence process across potential Peruvian mineral exploration projects from that company’s existing headquarters in the Peruvian capital of Lima.
The international expansion will run in parallel with, and not at the expense of, Commissioners Gold’s existing Australian exploration campaigns based on proving up at least three priority gold projects in the highly prospective Lachlan Fold Belt region of eastern New South Wales.
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