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Clara Resources Australia expands Mareeba Project land holding
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Clara Resources Australia expands Mareeba Project land holding

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  • Clara Resources expanded its Mareeba Gold Project footprint in Far North Queensland by securing options and applications over approximately 111km2 of additional land.
  • The company's stock remained unchanged at $0.003 following the regional expansion announcement.
  • The transaction is intended to consolidate a district-scale portfolio along the Kingsborough Fault corridor to accelerate exploration targeting gold, antimony, and tungsten.

Clara Resources Australia (ASX:C7A) has secured options and applications over approximately 111km2 at its Mareeba Gold Project.

The newly acquired tenure expands the company's regional presence along the southern flank of the Hodgkinson Goldfield.

The company executed binding option deeds to acquire 100% of EPM 28996 along with two adjoining permits.

Historical rock chip samples from the included Granola prospect contain grades of up to 8 grammes per tonne of gold.

Following the announcement, the Clara Resources share price was unchanged at $0.003.

The business intends to fast-track its upcoming exploration programme, with fieldwork and site clearing already underway.

The newly targeted structural corridor is prospective for gold, antimony, and tungsten mineralisation.

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