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Tombola takes charge in Cloncurry

TOMBOLA Gold has paid former partner Aeris Resources $50,000 for its 7% share of the Golden Mile project to advance to full ownership of the historical prospect in Cloncurry, Queensland.

Karma Barndon
Aerial photo of Golden Mile.

Aerial photo of Golden Mile.

Golden Mile is expected to produce 15,000 ounces of gold over an initial 20-year life of mine, based on total resources of 672,000 tonnes grading 1.76 grams per tonne gold, for 38,200 ounces. Tombola...

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