RESOLVE VENTURES ACQUIRES PROPERTY ON WINDFALL TREND
Resolve Ventures Inc. has entered into an agreement to acquire a 100-per-cent interest in ground adjacent to claims held by Osisko Mining Corp. in the Windfall Lake area, Quebec, in consideration for three million shares of Resolve, subject to TSX Venture Exchange approval.
The new acquisition consists of 29 map-designated cells measuring 1,638 hectares. The majority of the acquisition lies in one block totalling 1,128 hectares, directly adjacent to the west of Osisko Mining's land position and approximately eight kilometres west of the Metanor Resources Inc. Barry gold deposit. The remaining cells mostly lie to the south, near the Osisko Mining Black Dog project. The property is easily accessible, with the larger block being traversed by a maintained road from Highway QC-113 and the smaller blocks being accessible by a network of logging roads. All claims are currently pending application for recording with MERN.
Resolve president, David Baker, stated: "The Windfall Lake acquisition offers Resolve a strategically located land position in this developing gold camp, where over $100-million in financings were completed by four major companies in the area in early March. Several significant gold deposits have been discovered in the Urban-Barry greenstone belt."
The company's team is presently reviewing historical data on the property and will release further information on the property as it becomes available.
The technical contents of this release were approved by Case Lewis, PGeo, a qualified person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.Back to Past News