GOLD
Precious metals major Kirkland Lake is making an equity investment Orefinders and Mistango River Resources, with the miner agreeing to acquire a 9.9% stake in each of the two gold juniors.
Additionally, Kirkland Lake is entering into a $60-million option and joint venture agreement with each of the companies.
Orefinders and Mistango – part of the Ore Group led by Stephen Stewart – are Kirkland Lake’s neighbours in the Kirkland Lake gold district of Ontario, where the larger miner’s Macassa mine is located. Mistango is currently drilling west of the high-grade Macassa underground mine.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
