First Au (ASX:FAU) has wrapped up the acquisition of the Riverina East Gold Project from Viking Mines (ASX:VKA).
The 255km² project comprises 11 separate mineral licences — two mining licences, four exploration licences, and five prospective licences — along with one exploration licence application.
Located approximately 50km west of Menzies in Western Australia, Riverina East sits north of Ora Banda Mining’s (ASX:OBM) Riverina underground gold mine. Riverina East hosts the First Hit gold mine, which has historically produced 30,000 ounces @ 7.7 grams per tonne gold, as well as the Bifrost mineralisation site.
First Au Executive Chairman Daniel Raihani says the acquisition is consistent with First Au’s ambition to become a geologically driven West Australian gold exploration and development company.
Viking Mines has shifted its primary focus to developing tungsten projects in Nevada, US, particularly through its flagship Linka Project.
Write to Paula Fabe at Mining.com.au
Images: Riverina East
