Canadian Zinc Corp. said it has entered into an option agreement on the Tuvatu Gold Project in Fiji.
During the option period, Canadian Zinc has agreed to maintain the Tuvatu property in good standing and continue with the current exploration program at an estimated cost of approximately $500 thousand.
Tuvatu is a high grade gold deposit located on the island of Viti Levu, Fiji, in the heart of the Pacific "Rim of Fire" and located approximately 37 kilometres to the southwest of the 11 million ounce Vatukoula gold deposit.
The Tuvatu Gold Project is situated approximately 15 kilometres by road from Nadi International Airport, the main international gateway to Fiji. The Tuvatu project consists of two adjoining Special Prospecting Licences with a total area of approximately 3,265 hectares along with a pending application for a further 7,300 hectares Licence.
Source: RTT News
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