Viceroy Resource Corporation Expands Australian Mining Operations with Joint Venture

Viceroy Resource Corporation has entered into a joint venture with Outokumpu Mining Pty. Ltd. to expand its land position next to its Bounty mine in Western Australia. Recent drilling reports indicate that the area, previously exploited for nickel, also has promising gold prospects. The Vancouver-based firm will spend C$5.3 million to gain a 100% interest in the precious metals and 75% share in other metals, and C$2.2 million in follow-up exploration, drilling, and data compilation.

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