COPPER and gold exploration will be carried out near Ararat after Beaconsfield Gold made an agreement with Range River Gold to acquire a 75 percent interest in the Ararat project, Melbourne.
The copper and gold exploration is set to take place at the Mount Ararat site, south west of Ararat over the next two years.
Beaconsfield Gold's general manager Peter Thompson said copper deposits were discovered at Mount Ararat in 1975 with some drilling carried out in 1990 but these deposits were never mined.
The site was found to contain a resource of one million tonnes of 2.7 percent copper.
Beaconsfield Gold's largest project is the ore producing mine at Beaconsfield in Tasmania, followed by a copper project at Stavely, about 70 kilometres from Ararat.
While the Stavely project is not yet an open pit, it is producing promising results, the company said.
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