Newrange Gold CEO Robert Archer joined Steve Darling from Proactive to share news the Company has acquired a 100% interest in the Argosy Gold Mine property from Great Panther Mining Limited (TSX:GPR, NYSE:GPL).
Archer telling Proactive, the Argosy Gold Mine is a past producer with 101,875 ounces of gold and 9,788 ounces of silver at a gold grade of 0.37 ounces per ton. Production came from only four veins but Archer says more than 12 are now known. The property consists of 43 patented claims and 17 Mining Licenses of Occupation comprising 604 hectares.