RooGold Inc (CSE: ROO) continues to make steady progress as it relates to gaining access to its mineral properties within Australia. The firm this morning indicated it has reached additional land access agreements for multiple properties in which it owns.
The land access agreements are for what the company views as its “top two ranked concessions” within its portfolio. Located near to the Peel-Manning Suture Zone, the two properties, Gold Belt and Gold Star, are said to have multiple historical gold workings found on them, providing a starting point for exploration on the properties.
“Obtaining land access at Gold Belt and Gold Star is a key step in the progression of Roo Gold’s exploration work. Access has been granted over key areas of historic gold mining activities. Exploration reconnaissance work will commence soon,” said CEO Carlos Espinosa on the agreements being signed.
The land access agreements will see the company gain access to the northern portion of the Gold Star property, with exploration prospecting being permitted by the landholder. Gold Belt meanwhile, which contains areas contained within a state forest, has seen NSW Forestry approve of exploration prospecting to be conducted within certain areas. Negotiations at both Trilby and Lorne are currently underway as well.
The development follows the news last week that Michael Singer, former Chairman of Aurora Cannabis, has been appointed to the firms board of directors.
RooGold last traded at $0.14 on the CSE.
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