Crescent Gold JV's Gawler Craton IOCGU and Uranium in the Northern Territory

From: CCNMatthews Newswire | Date: December 22, 2006 | Copyright information

PERTH, AUSTRALIA--(CCNMatthews - Dec. 22, 2006) - Crescent Gold Limited (TSX:CRA)(ASX:CRE)(FWB:CRE5) has entered into a series of Joint Ventures (JV) with Southern Gold Limited (ASX:SAU) ("Southern") in the Gawler Craton in South Australia and in the Northern Territory. This includes a farm-in agreement by Crescent into Southern Gold's IOCGU (Iron Oxide-Copper-Gold-Uranium) projects in the attractive Prominent Hill-Olympic Dam-Carrapteena zone. Southern Gold, through a heads of agreement with Crescent, has the right to joint venture 2 uranium exploration projects in the Rum Jungle and ...

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