Australian based mineral exploration company Mantle Mining Corporation announced that the shareholders of Morning Star Gold NL (MSO) approved the acquisition of a 95% interest in the company by Mantle at a general meeting held in Sydney on Friday.
“We are pleased to have the opportunity to secure our interest in MCO the holder of the Morning Star Gold Mine and associated plant and equipment,” said Mantle Managing Director Ian Kraemer.
“We have been working toward a restart of operations at the Morning Star mine in anticipation of this approval and are thrilled to be able to now meaningfully progress the operation.”
The Morning Star underground gold mine is located in the heart of Australia’s second most prolific historic gold field, the Walhalla to Wood Point field in Eastern Victoria.
MCO reported a Mineral Resource of 910,000 ounces of gold for the mine in 2008, including 762,000 ounces of gold at 11.2 g/t Au.