WPG pulls the trigger on Challenger

ASX-listed WPG Resources has exercised its option over the Challenger gold mine, in South Australia, announcing on Friday that it had entered into a joint venture (JV) agreement with underground mining contractor, the PYBAR Group. In October, WPG entered into an option agreement with gold miner Kingsgate Consolidated to acquire the Challenger mine for A$1-million, as well as a A$25/oz royalty on the Challenger south south west zone, which would take effect after the first 30 000 oz of production.