QUEENSLAND PROJECTS

Location map showing the two projects (red dots)
Location map showing the two projects (red dots)

QUEENSLAND EPITHERMAL GOLD & PROPHYRY COPPER PROJECT

The company announce as at 5 July 2018 that it has entered into an earn-in agreement (EIA) with Ellenkay Gold Pty Limited (Ellenkay) regarding two exploration projects in Central Queensland, Australia.

The Hill 212 (EPM 26217) exploration project is an epithermal gold-silver opportunity approximately 30km east of Mt Coolon. The Mt Clark West (EPM 26008) exploration project is a porphyry copper-gold opportunity approximately 24km northwest of Nebo. Both projects have well defined drill targets generated through previously completed geochemical and geophysical work programs.

Ellenkay currently has a 100% interest in both projects and under the terms of the EIA, Medusa may earn an equity position of up to 90% in either or both projects by managing and funding work programs through to the completion of a Pre-Feasibility Study.

About Medusa Mining

Medusa Mining Limited is a publicly listed, Australian based gold producer, focused on growth in the Asia Pacific Region.

ASX: MML

Contact

Suite A, Level 1
1 Preston Street
Como, WA 6152

+618 9474 1330

admin@medusamining.com.au

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