Evolution snaps up Connors Arc
Quartz vein outcrop on Connors Arc’s Aurora Flats. Image: Orion Minerals. BY ELIZABETH FABRI EVOLUTION Mining has agreed to acquire Orion Minerals’ Connors Arc gold exploration project, which is strategically positioned near Evolution’s existing Mt Rawdon, Mt Carlton and Cracow operations in central QLD. The acquisition includes an upfront cash payment of $1.5 million, followed by two payments of $500,000, and a 2 per cent net smelter return royalty over gold produced from the project, with payments capped at $5 million. Evolution Mining vice president Discovery Glen Masterman said Connors Arc was a technically compelling project with multiple and extensive alteration zones, which could be indicative of multiple preserved epithermal gold systems. “The Connors Arc acquisition...