Trelawney Mining acquired 10,000,000 units of Newcastle Minerals shares at a price of $0.05 per unit.
Newcastle Minerals president Michael Romanik said the company expects to develop a productive, long-term relationship with Trelawney, including the sharing of insights with respect to Newcastle’s Swayze Belt claims to help in realizing the full potential of its projects.
Newcastle’s 100% owned Swayze belt claims cover an area of 17,000 acres in three separate claim blocks that are either surrounded by or adjoin Trelawney Mining and Exploration.
The company plans to undertake an exploration program which will include geophysical surveys and diamond drilling.
The program is a follow up on encouraging results from earlier prospecting and sampling that was completed in November 2011.
