8/9/2010 04:12:30

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Blue Note buys gold deposits in Quebec

Junior gold miner Blue Note Mining said today it has signed a deal to become the only owner of the Croinor project in Quebec, Canada. The company, which already holds a 50% stake at the venture, will acquire the remaining half of the shares from First Gold Exploration, and a 71% stake in the nearby Matchi-Manitou property as well. It will pay US$ 2.35 million to the seller, in cash and shares.

"The consolidation of our ownership in the Croinor gold project is strategically important to the project's advancement towards production" said Blue Note chairman and CEO Leon Methot in a release, highlighting it will focus on cost-effective activities at the venture.


Publicado em: 20/7/2010 22:39:00




 

 

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