- Queensland Gold Hills (OZAU) has acquired a 100 per cent interest in the Titan gold project from Orefox Titan Pty Ltd.
- The Titan project covers 90 square kilometres with over 50 historic high-grade mines
- This acquisition brings the company’s total land holdings in the Warwick-Texas Gold District to over 110 square kilometres
- In terms of the acquisition, Queensland will acquire all the outstanding shares of Orefox from its sole shareholder
- Queensland Gold Hills is focused on conducting modern systematic exploration in the historic goldfields of Queensland, Australia
- Shares in Queensland Gold Hills (OZAU) are steady, currently trading at $0.31 per share
Queensland Gold Hills (OZAU) has acquired a 100 per cent interest in the Titan gold project from Orefox Titan Pty Ltd.
The Titan gold project is contiguous to Queensland’s Big Hill project in Queensland, Australia, and brings the company’s total land holdings in the Warwick-Texas Gold District to over 110 square kilometres.
The Titan project covers 90 square kilometres with over 50 historic high-grade mines under a single Exploration Permit 27507.
Like the Big Hill Gold Project, Titan has had little modern exploration conducted since the 1980s and gives the company a wider range of targets to explore for the source of the historic gold mines.
“This is another milestone for the company as we quadruple our land holdings in the historic goldfields in Queensland,” said Queensland Gold Hills CEO Blair Way.
In a share sale agreement with Orefox, Queensland Gold Hills will acquire all the outstanding shares of Orefox from its sole shareholder, Warwick Anderson, in exchange for the issuance of 300,000 common shares of the company.
The acquisition of Orefox is an arms-length transaction and the common shares to be issued will be subject to a statutory four-month hold period.
Queensland Gold Hills is focused on conducting modern systematic exploration in the historic goldfields of Queensland, Australia.
Collectively, the Big Hill Gold Project and the Titan Project cover 54 historic mines in the Talgai Goldfields of the broader Warwick-Texas District.
Shares in Queensland Gold Hills (OZAU) are steady, currently trading at $0.31 per share.