Silver City Minerals Acquires 80pc interest in Austin Gold Project
- Silver City Minerals (SCI) completes the acquisition for an 80 per cent interest in the Austin Gold Project from Gardner Mining
- To acquire the 80 percent interest, Silver City issued300M fully-paid ordinary shares at 1.5 cents
- Silver City and Gardner Mining have now formed an incorporated joint venture to undertake exploration and development over the project
- As a result, Darren White was appointed to the board as Non-Executive Director, effective July 23, 2021
- The company is now set to begin a significant exploration program to follow up on previous work with diamond drilling planned to start in August
- Silver City has ended the day 6.25 per cent in the red with shares trading at three cents
