Junior Black Swan Gold Mines (TSE) can acquire a past-producing gold mine in Alaska from a private U.S. company, in return for issuing 20 million treasury shares.
The Liberty Bell mine started up in the early 1930s when 8,400 oz. were produced from 17,500 tons mined from underground. Gold mineralization has since been identified along several northeast-trending shear zones. Drilling near the old mine has outlined an open-pit probable resource of 1.1 million tons grading 0.10 oz. gold per ton, at a cutoff of 0.05 oz. Gold occurrences in stockworks and in echelon veins have also been identified, north of Liberty.
This year, Hemlo Gold Mines (TSE), which can earn a half interest, expects to continue evaluating targets along the northern shear zone.
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