California firm eyeing Lombok gold prospect

California-based firm Green Technology Solutions, Inc. (GTS) announced on Wednesday that it signed a new agreement with precious-metals mining company New World Energy and Minerals (NWEM).

NWEM is working to secure the mining rights to more than 50,000 acres of mineral-rich property on the island of Lombok in West Nusa Tenggara. GTS will explore the potential for collaboration with NWEM to develop potentially lucrative gold resources there, the company claimed without giving further detail

According to the agreement, GTS will have 90 days to conduct a due diligence review of NWEM and its mining prospects in Indonesia.(alex)