Announcing a third phase of drilling at the Robertson base metal property near Kirkland Lake, Ont., Strike Minerals advanced to 38 cents before dropping back to close at 32 cents for the week ended June 25.
Partner Queenston Mining will spend $230,000 to test for base metal mineralization discovered on the property earlier this year and to examine the remainder of the 135-claim property. The exhalite host rock is open along strike and at depth.
Laverty Red Lake Resources said it will acquire all of the issued and outstanding shares of a numbered Ontario company. The private company, which has $250,000 in cash, has the opportunity to earn an undivided interest in an industrial land development project known as Ashburnham Park in Peterborough, Ont.
Under the terms of the proposed transaction, Laverty would issue 1.25 million common shares to the shareholders of 913354 Ontario. Laverty last traded at 10 cents.
Regal Goldfields, which is optioning a diamond prospect near Kirkland lake, Ont., says it is developing plans for sampling the property’s kimberlite. Regal must spend $70,000 on the prospect before Aug. 1 or risk losing the option. Regal edged up 5 cents to close at $1 on thin volume.
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