Expl. Acabit eyes Jambi concession

The Jambi gold concession in Indonesia has caught the eye of Exploration Acabit (ACX-M), a junior with extensive holdings there and in the nearby Solomon Islands. The company paid a initial US$12,500 for a 6-month option to acquire the concession. To exercise the option, it must pay a further US$102,500.

The company plans to verify the extent of alluvial reserves and assess the property’s potential for hard-rock primary deposits.