Silver Lake to acquire million ounce gold project

GROWTH: Silver Lake Resources chief executive Les Davis.
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Silver Lake Resources has is planning a third gold production base in Western Australia, after annoucing an agreement to acquire the Phillips River Mining's Great Southern gold tenements by way of scheme of arrangement.

The junior gold miner announced today that it would merge Phillips River’s gold assets into Silver Lake, offering 0.882 Silver Lake shares for each Phillips River share.

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