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Patriot Resources terminates option to acquire Sugarloaf Licence 34479

Patriot Resources Limited regrets to advise that it has terminated the agreement to acquire a 100% interest in the Sugarloaf Licence (Number 34479-HQ-SML), because due diligence findings are not to the Company’s satisfaction.

As a consequence, Patriot has amended its current drill programme and moved the drill rig to its 80% owned licence 27715 (Number 27715-HQ-LEL). This licence shares a licence boundary with Sinomine’s Kitumba Copper Deposit licence. Drilling is underway on 27715.

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SRK

Staff Writer

The African Mining Market is a source of insightful information on mining & industrial markets, and developments in Africa.
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