Great Divide Mining acquired two tenements, extending the strike of the Devils Mountain gold mine workings to over 7.5km.

The company has entered into binding asset sale agreements with VGE and Alluvial Gold Mining.

Under the agreements, the company will purchase the exploration permit for minerals 26062 and 26135, located at Devils Mountain and Kilkivan, respectively.

The acquisitions include payments of $157,500 and $100,000 in fully-paid GDM ordinary shares based on stipulated milestones.

The newly acquired tenements still need to be explored. The company views the acquisitions as a key step in consolidating regional gold and copper mineralisation and mines.