Blaze International Ltd. entered into an agreement to acquire exploration license 59/2120, the Thundelarra project, located between Paynes Find and Yalgoo, within the Murchison district of Western Australia.
The project is prospective for shear hosted gold and potentially volcanogenic massive sulfide base metal deposits, according to the Dec. 8 release.
The company will pay A$15,000 for the acquisition to the vendors, Corporate & Resource Consultants Pty. Ltd., Bruce Robert Legendre and T.E. Johnston & Associates Pty. Ltd.
Blaze is preparing a budget and exploration program for the project and expects to spend A$15,000 on a desktop review, with an exploration budget of about A$250,000.