OZBKF - News Alert: Outback Goldfields Acquires 4 Assets in Hot Gold District

2024-03-27 17:08:02 ET

1,100 hectares in high grade gold exploration district

Outback Goldfields is a well financed exploration mining company. They've recently raised over $11 million and completed the acquisition of a package of highly prospective gold projects. Phase 1 exploration program is now underway on their 4 properties. The properties are located proximate or adjacent to the Fosterville Gold Mine in Victoria, Australia which is considered the highest grade and highest margin mine in the world.

4 Key Assets

Outback Goldfields total land package consists of more than 1,100 hectares in a jurisdiction that has produced over 80M oz historically.

The Silver Spoon property, is adjacent to the Kirkland Lakes, Fosterville Gold Mine on one side and Newmont Golds properties on another. Next there is the Glenfine property which is the most “drill ready” and having hosted historic high-grade reef production. Yuengroon has 6 new high-tenor arsenic-in-soil anomalies that have been identified and warrant systematic follow-up. The area also remains relatively untested by drilling. Finally, Ballarat West has 600 Koz Au historic production from contained and nearby alluvial workings.

The Company's board and management team have a great track record of creating shareholder value and are following path of previous success.

For more information on Outback Goldfields Corp. (CSE: OZ) please fill out the form below.