EXPLORATION & DEVELOPMENT

Newmont earns interest in Guadalcanal property

QUEENSLAND-based minerals explorer Solomon Gold has completed a definitive agreement with Newmont Ventures that will fully fund exploration at the Guadalcanal copper-gold exploration licences for the next three years.

Ron Berryman
Newmont earns interest in Guadalcanal property

The agreement entitles Newmont to a 70% stake in the exploration licences over a two stage earn-in by spending $US12 million ($A18 million) over five years. It is staged so that Newmont may earn a 51%...

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