Cervantes Gold Pty Ltd
Albany Fraser Range
Cervantes announced on 13th August 2015 that it had secured a strategically located Exploration Licence in the Fraser Range, immediately adjoining the Eastern boundary of Mt Ridley’s block of permits, where they are actively carrying out an advanced exploration program. Native Title agreement was executed and announced on the 4th April 2016 in relation to Cervantes permit.
Cervantes has since accumulated historical data on the permit area and is currently in discussions with consultants and others to assess that data and formulate an exploration program.
There are a number of companies now announcing exploration programs in the Fraser Range, and whilst none have to date been able to replicate the success of the Sirius ( Nova) discovery, now absorbed by the Independence Group for an equivalent dollar value of $1.8 billion, they remain confident of their success.
On the 5th February 2016 Cervantes announced that it had secured a strategically located exploration permit in Meekatharra.
The permit is located in Meekatharra, South West of Doray Mining’s “Andy Well” project area and Mill (approx 10km) , North of and adjoining Thundelarra’s recently acquired (Red Dragon) ground, North West of the Meekatharra Township( approx 20klm) and North of Metals X’s Bluebird operations and Mill.
Native title is still pending on the Meekatharra permit but acquisition of Historical data for assessment is currently underway.
Immediately all data is accumulated and assessed by our consultants we will be in a position to prepare an exploration program subject to native title agreement.
On the 10th October 2016 Cervantes announced it had acquired a Prospecting Licence ("PL") (known as the Albury Heath Gold Mine) to add to its current Exploration Licence ("EL") located in the Meekatharra area. In addition Cervantes applied for several other prospecting licences in the immediate area. After a review of historical data associated with the Albury Heath Gold Mine, Cervantes announced on the 8th December 2016 an opportunity to develop the high-grade Albury Heath Gold Mine and fast-track production by either heap leach or toll treating. Whilst Cervantes will continue to plan and progress the exploration of the two above strategically located projects, it continues to search for a more advanced project, preferably but not essentially in Australia, in Gold and/or metals and minerals with the right market demand and the correct risk to reward ratios.