MEEDUSA Mining has gained an extension on its option to purchase agreement over the Queen River project in Tasmania extended until May 19.
The option had been due to expire on March 19 but access to the site had not been gained until early March.
The Queen River project is two mining lease applications that cover 10 kilometres of the Queen River which drains the Mt Lyell Mine area.
The Queen River pyrite rich deposits have resulted from about 100 million tonnes of tailings and some slag materials that have been discharged into the river during the mining of the Mt Lyell orebodies that commenced in 1883 and ceased in 1989.
The river’s action over the 80 years or so has concentrated heavy minerals such as pyrite and other sulphides along the river system and represents an environmental problem.
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