Sovereign Gold to Receive Increase in Funding

Mining Weekly reported that junior miner Sovreign Gold has received more funding from Chinese State-owned Jiangsu Geology and Engineering to push forward with projects in New South Wales.

As quoted in the market report:

Sovereign Gold announced on Monday that Sugec had increased its funding from an initial A$6-million to A$21-million, and had committed a dedicated team of up to 14 geologists, geochemists and geophysicists to work with the junior.

To view the whole Mining Weekly report, click here.