GreenOre Gold Plc ‘GreenOre’ is pleased to announce a joint venture agreement with Koza Ltd ‘Koza’ on the Ayrshire licence. Koza have agreed to fund exploration to earn in up to 80% of the holding company. Work will begin this year starting with a stream sediment sampling and prospecting programme to be followed by scout drilling.
Managing Director, Gavin Berkenheger commented: “GreenOre has been working with Koza on our Aberdeenshire licences over the past 2 years and have built up an excellent working relationship. The addition of the Ayrshire licence agreement signals a commitment to develop gold prospects with real economic potential. Scotland has a vast unexplored mineral wealth waiting to be explored. We are thrilled to partner with Koza on our new project.”