Winmar eyes new projects in Iberian Pyrite Belt

July 11, 2017

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Australia’s Winmar Resources is assessing additional projects in the Iberian Pyrite Belt and is in discussions with a number of parties holding properties in the region, the company said this week, as it announced that it had stopped all significant expenditures at the Lomero joint venture (JV) project, in Spain.

The gold/silver/copper/zinc project tenement is held by Kimberley Diamonds, which is under administration. Although Winmar believes that its JV arrangement and participating interest in the Lomero project are secure, the company said that it considered it prudent not to spend more on the project during the administration process.

Category: General