Proto Resources and Investments Ltd. (ASX:PRW) announced they have lodged an application to expand their land position by approximately 117 square kilometers. The company decided to expand their footprint in the region after positive geophysics results earlier this year.
After conducting an airborne magnetic and radiometric survey, the company discovered ‘a complex mixed geological package of Proterozoic/Archaean units with dyke/linear magnetic units striking ENE-WSW’ which warrants further exploration.
[download_link link=”http://www.protoresources.com.au/wp-content/uploads/2012/09/120910-New-Application-in-the-Yerrida-Basin.pdf”]Download the press release here (pdf).[/download_link]
Disclosure: Proto Resources & Investements Ltd. is a sponsoring company. Please see our disclaimer for current positions.
