Forrestania completes Karonie gold project acquisition, strengthening Eastern Goldfields position. The company has finalized its purchase of the Karonie gold project from Alchemy Resources subsidiary Goldtribe Corporation, acquiring 16 exploration licences covering 942 square kilometers with an established mineral resource of 185,700 ounces of gold. The strategic acquisition includes the KZ5, Taupo, and Parmelia deposits positioned advantageously near major regional assets. Simultaneously, Forrestania upgraded its Ada Ann deposit mineral resource estimate to 204,500 tonnes at 2.76 grams per tonne, yielding 18,160 ounces of gold, supported by recent drilling results confirming high-grade mineralization.
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