Northern Mining Sells Gold Project to Metals X

Local miner Metals X has reached an agreement with Northern Mining to acquire the Georges Reward gold project at Bulong in Western Australia for a cash sum of $4.5 million.

The tenement in understood to have 22,500 ounces of gold, and is 79 per cent owned by Northern Mining and 21 per cent owned by Blagundi Gold under a joint venture agreement.