Gold Anomaly Limited (ASX:GOA) Plans Drilling Programme For Sao Chico Gold Mine In Brazil
Sydney, May 3, 2011 AEST (ABN Newswire) - Gold Anomaly Limited (ASX:GOA) refer to the announcement from its farm-in partner Kenai Resources (CVE:KAI) (PINK:KAIFF) to the Toronto Stock Exchange released on the 2nd of May 2011. The announcement outlines plans for a drilling programme to define resources at the Sao Chico gold mine in Brazil and form the basis for a Feasibility Study to substantially expand production.
At present, Gold Anomaly receives 100% of the cashflows generated at Sao Chico. Kenai has an option to acquire up to 75% of the mine through expenditure and loan payments totalling up to US$3 million.
For the complete Kenai Resources' announcement, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/231638.pdf
Contact
Ken Chapple
Executive Director
Mob: +61-418-758-301
Greg Starr
Executive Chairman
Mob: +61-2-9241-4224
info@goldanomaly.com.au
http://www.goldanomaly.com.au
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