Prodigy Gold has signed a binding exploration farm-in and joint-venture agreement with Newmont Exploration to advance exploration at Prodigy’s Tobruk gold project in Australia’s Northern Territory. The project covers prospective Tanami group rocks, which also host Newmont Goldcorp’s Tanami mine and several smaller deposits. The project’s potential for discovery of a significant new gold deposit is further enhanced by having an analogous structural setting to known Tanami deposits, including tightly folded stratigraphy, TransTanami parallel faults, and drill-defined anomalous geochemistry positioned on the margins of magnetic features.
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