Latest Devon Gold Project News

Matsa Resources has proposed a $19.15 million funding and trust structure designed to keep two subsidiaries out of liquidation and preserve the Devon Gold Project. Creditors will vote on the arrangement on 6 November, but Deutsche consent and possible court orders remain outstanding.

Bulletin Resources has expanded gold targets at Lake Rebecca, with soil sampling and geophysics defining new anomalies ahead of possible first-pass RC drilling. The explorer ended September with $11.63 million in cash and listed investments, although its stake in troubled Matsa Resources adds a separate layer of uncertainty.