Fjordland Exploration Inc.: Gold Fields Completes Due Diligence on Woodjam South Property
Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE:CRB), 60%-40% partners in the Woodjam Joint Venture, have announced that Gold Fields Limited’s (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation, has completed its due diligence review on the WJV’s Woodjam South copper-gold-molybdenum property.
Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE:CRB), 60%-40% partners in the Woodjam Joint Venture, have announced that Gold Fields Limited’s (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation, has completed its due diligence review on the WJV’s Woodjam South copper-gold-molybdenum property.
The press release is quoted as saying:
This is in line with a May 20, 2010 agreement, and Gold Fields can now earn a 70% stake in Woodjam South by spending US$15 million and completing a comprehensive feasibility study over a 7.5-year period. The WJV now has two separate agreements with Gold Fields for the North and South areas of the Woodjam Property.