Creasy closes deal
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Tuesday, 16 November, 2004 - 21:00
LEGEND Mining Limited has signed the formal agreements to buy the Mark Creasy controlled Gidgee Resources Limited.
As part of the deal the Creasy Group put $5 million into Legend.
Legend now controls almost all of the Gidgee greenstone belt which has produced about 1.5 million ounces of gold to date.
It plans to commence an aggressive resource extension and exploration drilling program in the Gidgee mine area, which will continue for the next six to nine months and expand across the newly combined extensive tenement holdings.