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Cervantes Corporation minority owner increases shareholding to 10.93%

Cervantes is exploring prospective gold projects in WA.

Drilling results are expected in the New Year

Cervantes Corporation Ltd (ASX:CVS) substantial holder New York Holdings Pty Ltd has increased its holding by 7.77 million shares in off-market purchase and transfers.

The increase in holding amounted to $38,850 and leaves New York Holdings with 54.07 million fully paid ordinary shares or a 10.93% interest in Cervantes.


Cervantes recently completed a follow-up reverse circulation drilling program at its Albury Heath project in Meekatharra, Western Australia.

The seven-hole, 440-metre drilling campaign followed up on bonanza-grade gold intersected earlier in the year.

Bonanza-grade intersections included 2 metres at 67.2 g/t gold from 27 metres and 5 metres at 63.1 g/t from 32 metres.

Cervantes’ new drill holes have tested the down-dip, u-dup and along-strike continuity of these zones to further plan a more comprehensive drilling program in 2019.

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Cervantes Corporation highlights WA soil sampling results

Cervantes Corporation Limited (ASX:CVS) Collin Vost updates Proactive Investors on recent soil sampling results obtained from the Abbotts and Primrose gold projects in WA's Murchison region.    Vost says the soil sampling at Abbotts highlights potential shear zones running...

on 26/6/19

2 min read