Brisbane-D’Aguilar Gold Ltd. reports that the Queenland Department of Mines and Energy has granted an exploration permit to its majority owned subsidiary, Mt. Isa Metals ltd. D’Aguilar says the permit encompasses the company’s D-Tree West Phosphate Project. The project is some 120 kilometers north-northwest of Mount Isa. The deposit was reportedly subjected to some 148 drill holes in the 1960s and 1970s by IMC Development Corp., with some 50 percent of those being outside of the license area. Mt. Isa Metals is preparing for a listing on the Australian Stock Exchange with an A$7 million initial public offering.
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