Goldbar to acquire Dufferin

A share deal worth $1.6 million has enabled Newfoundland Goldbar Resources (NFGB-C) to acquire the Dufferin gold property in Nova Scotia.

The company picked up the property by purchasing all the shares of owner Dufferin Resources for 3.3 million shares at 50 cents each. The property hosts a deposit with reserves of 121,729 tonnes grading 12.5 grams gold per tonne.

Newfoundland Goldbar intends to drill the eastern extension of the mineralized zone, and has begun to rehabilitate the site’s gravity mill.