Lancaster Resources gets key license approval for Australian gold project

  • Lancaster Resources Inc (CSE:LCR, OTCQB:LANRF) said on Thursday that the vendor of the Lake Cargelligo gold project in New South Wales, Australia, has received final approval from the state government for a four-year exploration license, paving the way for the company to complete its planned acquisition and begin exploration work in the third quarter. The license covers over 28,768 hectares in the Cobar mining district, one of Australia's most prolific gold-producing regions.