Everest Metals (ASX:EMC) to acquire WA gold project

Everest Metals (ASX:EMC) has entered into an agreement, subject to due diligence, to acquire 100% of the Ninghan project, southwest of Paynes Find in Western Australia.

Everest Metals says the project is considered prospective for gold and associated metals, and includes two exploration leases which cover a combined 228 square kilometres. 

The company says its planning a geochemical program in the March 2023 quarter and will compile the results with the existing geophysical data to prepare for a drilling program scheduled in mid-2023.

Shares of Everest Metals were lower at $0.097 at the time of publication.