Green & Gold Minerals (ASX:GG1) bolstered its exploration pipeline by acquiring the Burlington Project, a tenure situated in the heart of North Queensland’s Herberton Mineral Field.
The all-scrip transaction, valued at $450,000 (priced at $0.20$ per share), positions the company to capitalise on the surging demand for "future-facing" metals essential for AI and global electrification.
The project is highly prospective for a diverse mineral suite, including Silver (Ag), Copper (Cu), Tin (Sn), Gold (Au), and Indium (In).
Located just 85km from GG1’s existing Chillagoe Gold Project, the Burlington acquisition offers significant operational synergy.
The company aims to replicate the success of nearby ventures by converting historic mine workings into large-tonnage resources.
Preliminary data from 41 shallow historic drill holes and recent rock chip assays reveal high-grade potential across four primary prospect areas: Siberia, Mt Gossan, Elizabeth Bluffs, and Callao.
While investors are cautioned that rock chip assays represent point measurements rather than average grades, the diversity of the metal mix underscores the project's transformational potential.
Managing Director Quentin Hill views the move as a critical step in expanding the company's footprint within a proven, highly mineralised district.
At the time of reporting, Green & Gold Minerals' share price was $0.18.