Federation Mining has signed an Agreement with leading gold miner OceanaGold for the future development of Snowy River Gold Project, located near Ikamatua on the West Coast of the South Island of New Zealand. OceanaGold will support the project’s establishment with seed financing for the potential future construction of a decline (tunnel) to the base of the historic workings.
First world jurisdiction
Established mining industry on the west coast of NZ's South Island
Extremely high-grade gold
Inferred Resource: 700,000oz @ 23g/t Au
A well understood asset
More than US$13M invested in exploration and development studies
Proven development project
Located in region with long mining history and supportive of new economic development - Mining Permit approved December 2018
ABOUT FEDERATION MINING
Federation Mining is an Australian incorporated company established by Mark Le Messurier and Jim Askew to build a new gold mining company. Federation will pursue opportunities where it is able to apply its expertise and experience in the development and management of mining projects across a range of regions with a strong focus on Sustainability.
