Marquee Resources Expands Mt Clement Gold & Antimony Project

Marquee Resources Limited (ASX: MQR) has entered into a Tenement Sale & Purchase Agreement (TSPA) with Pure Mining Pty Ltd to acquire a 100% interest in the E08/3248 Project, which adjoins Marquee's Mount Clement Project in Western Australia. The acquisition strengthens Marquee's land position in the region, expanding its Mt Clement Gold-Antimony Project to a total of 398km2. The project represents a greenfield opportunity in an underexplored area known for syngenetic gold-antimony mineralization.

Under the agreement, Marquee will issue 6,500,000 fully paid ordinary shares and 6,000,000 options to Pure Mining. The completion of the agreement is subject to due diligence investigations, necessary approvals, and the parties entering a voluntary escrow deed. Marquee's Executive Chairman, Charles Thomas, expressed enthusiasm about the acquisition, highlighting the increased prospectivity of the Mt Clement Project and future exploration plans involving magnetics, geochemical sampling, and drilling. The project's geology suggests the presence of syngenetic deposits near volcanic centers and plutons, providing potential targets for further exploration efforts.

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