Macamic to explore Gateford chrome bet

A joint venture agreement has been completed between Gateford Resour ces and Macamic Resources which gives the latter company the right to earn a 50% interest in Gateford’s Reed-Belanger chrome deposit.

Located near Black Lake, Que., the chrome deposit has reserves of 440,000 tons grading 6%-8% chromite. Macamic, which can earn its interest by funding exploration at the property, plans to increase both reserves and grade. Exploration is expected to start this spring.


Print


 

Republish this article

Be the first to comment on "Macamic to explore Gateford chrome bet"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close