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Gold Fields Partners with Fjordland and Cariboo
June 3, 2009 @ 9:38 am In Gold Company News
Fjordland Exploration (CVE:FEX) announced today the Woodjam Joint Venture jointly owned with Cariboo Resources (CVE:CRB) is granting an option to Gold Fields (NYSE:GFI) on the Woodjam North copper-gold-molybdenum property east of Williams Lake in BC Canada.
Gold Fields can earn up to a 70% share in the property by spending $19m over 7 years. Tom Schroeter, Fjordland President is quoted as saying:
This partnership with one of the world's largest gold producers not only allows for aggressive advancement of the gold-dominant property, but also allows the Woodjam Joint Venture to independently explore and develop the very exciting Southeast Zone copper-gold-molybdenum discovery and pursue new target development on the Woodjam "South" portion of the Property.
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