The property, located in the Nighthawk Lake area, comprises two patented claims in Macklem Twp., and seven patented claims in Cody Twp., Ont.
In addition to funding exploration work on the Ronnoco property, the Trader subsidiary also has an option to purchase from Broulan, and a private estate, all the shares of Ronnoco held by them at $1.25 per share.
A diamond drilling program conducted on the property many years ago indicated gold values in the order of 0.07 oz gold per ton over widths of about 50 ft on the Macklem Twp. claims. No work has been done on the property since that time.
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