Sparton vends out Lac St. Jean bet

Located about two miles north east of a copper/nickel discovery known as the Lac des Poissons Blanc showing, the claims are part of a large package of land which was recently vended out to Yellow Band by Sphinx Mining (ME) and Achates Resources (ME).

Under an option agreement, Yellow Band can earn a 50% stake in the Sparton claims by making a cash payment and spending $3,500 per claim on exploration.

To raise its interest to 70%, the Vanouver company must spend an additional $1,500 per claim.

A private company controlled by Flanagan McAdam Resources (TSE) holds a 60% stake in the claims where the Lac des Poissons Blanc showing is located.

The claims are in a virtually unexplored area of the Grenville geological province on the northwest margin of the Lac Saint Jean anorthosite intrusive.

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