IN BRIEF: Cloudbreak Discovery eyes Crofton Gold acquisition

Cloudbreak Discovery - London-based gold and metals project developer targeting Western Australia - Says it has secured the exclusive option to acquire the Crofton Gold project in the Pilbara region. Notes a £10,000 consideration for a two-month option period. It must issue 56.0 million shares by January 31 if it decides to exercise the option. Adds that previous samples returned up to 253 grammes per tonne of gold and 215g/t of silver, with visible gold near historic test pits.

Managing Director Tom Evans comments: ‘The Crofton project has recorded some extraordinary gold grades from recent sampling undertaken in 2021 and historic mining. The delineation of multiple trends with strike lengths of over a kilometre on the tenement give the Company a vast number of high priority exploration targets. We are making plans to have geologists on-site as soon as practicable.’ He adds that assay results from the Darlot West site are expected in the weeks ahead, and that Cloudbreak will have a ‘busy end to 2025.’

Current share price: 0.98 pence, down 8.7% on Thursday afternoon in London

12-month change: up 327%

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