Company Announcement: KORES to fund Stonehenge drilling program at Gwesan, South Korea
Stonehenge Metals Ltd is pleased to advise it has been awarded a 3-hole drill program at the Gwesan Project with state-owned Korea Resource Corporation. Stonehenge, in collaboration with KORES has designed a drill programme to test for uranium and vanadium at the Company’s Gwesan Project. Gwesan, was drilled previously by Stonehenge, and has been recently mapped to generate additional drill targets. Under the agreement KORES will fund a 3-hole drill campaign for a total of 300 metres at no cost to Stonehenge. The program must be finalised by 31 October 2013. Stonehenge will oversee the drill programme and own all data and records associated with the campaign. The drilling program is subject to local landowner approvals and regulatory approval by 30 June 2013. “This represents a significant step forward in the emerging relationship between Stonehenge and KORES with regard to developing resources in Korea. We are delighted to have KORES work alongside us as we continue to prove up what is one of the most exciting global Uranium/ Vanadium projects” commented Managing Director Richard Henning.
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