GEO Exploration Limited (AIM: GEO) is pleased to announce that Exploration Licence E08/3792 has been granted to its wholly owned subsidiary Juno Gold Limited by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) in Western Australia. E08/3792 forms the northern parts of the Juno project located in central Western Australia where the company is conducting exploration and has recently completed its maiden drill programme for large Intrusion Related Gold Systems (IRGS).
The Juno project currently comprises four licences (Figure 1) covering a total of 644 square kilometres. Total granted tenure at Juno now increases from 450 square kilometres to 644 square kilometres with the addition of Exploration Licence E08/3792. Exploration Licence E08/3792 contains potential exploration targets which share geophysical similarities to the primary target within Exploration Licence E08/3497.
Figure 1 – Juno Project tenure showing existing granted licence
E08/3497, E52/4391, E08/3744 and recently granted E08/3792
Grant of the fourth licence secures the strategic landholding at Juno where the Company is a first mover for IRGS-type targets in this region of Western Australia.
The information contained within this announcement is deemed by the Company to constitute inside information under the UK Market Abuse Regulations (“MAR”). Upon the publication of this announcement via a Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.
For further information please visit: www.geoexplorationlimited.com or contact:
GEO Exploration Limited
Hamza Choudhry, CFO and Executive Director
