- Meryllion Resources Corporation (MYR) signs an extension to the option agreement over the Oldham Range Project in Australia until April 1, 2022
- All other terms of the agreement have remained the same
- Meryllion’s planned drilling program remains subject to obtaining a suitable drilling rig and all regional approvals
- The extension is in relation to the completion of a technical due diligence (TDD) of its Oldham Range Project and the receipt of a government grant
- Meryllion Resources Corporation (MYR) is unchanged trading at $0.07 per share as of 10:46 a.m. EST
Meryllion Resources Corporation (MYR) has signed an extension of the option agreement over the Oldham Range Project in Australia until April 1, 2022.
All other terms of the agreement have remained the same.
Meryllion’s planned drilling program remains subject to obtaining a suitable drilling rig and all regional approvals.
The extension is in relation to the completion of technical due diligence (TDD) of its Oldham Range Project and the receipt of a government grant.
Polymetallic base metal grades of up to 0.11 per cent copper, 800 ppm zinc and 180 ppm lead samples were recorded at the project.
The structural setting for the gossan location was also confirmed.
Aboriginal Heritage Clearance discussions are ongoing for drilling approvals.
Co-funding by the Australian government was approved for up to AU$150,000 for drilling and AUD$15,000 for mobilization.
A 15-drill hole mixed diamond and reverse circulation (RC) drilling program is planned subject to approvals.
Meryllion undertook a corporate restructuring in early 2021 and is now investigating several exploration opportunities with drill-ready targets.
Meryllion Resources Corporation (MYR) is unchanged trading at $0.07 per share as of 10:46 a.m. EST.
