Marengo Mining: Yandera Development Update

Marengo Mining Ltd. (TSX:MRN,ASX:MGO) announced an update to its Yandera project in Papua New Guinea.

The press release is quoted as saying:

The PNG Government has expressed interest in taking up a contributing interest in the Yandera Project. Any interest acquired would be held by the State owned company, Petromin Limited, which has been nominated by the PNG Government to hold its interest in a number of PNG resource projects, currently in or near feasibility stage.

To read the full press release, click here.