Red Lake Gold Acquires Fenelon North Gold Project, Canada
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Red Lake Gold (RGLD) has entered into an arm’s-length agreement to acquire the Fenelon North Gold Project which is situated near mining projects being advanced by Wallbridge Mining Company Limited and Great Thunder Gold.
“Among other features, the Fenelon North project has substantial coverage of the Jeremie Pluton which is an intrusive structure that has recently come to be understood as increasingly important to gold mineralization discovered in the area,” said Ryan Kalt, chairman and chief executive officer of Red Lake Gold.
Fenelon North provides RGLD shareholders with ownership of a large-scale tenure position in an emerging exploration hot spot while achieving that prospective upside in a very low-risk and highly accretive manner. As a result of the transaction announced today, stockholders of Red Lake Gold stand to directly benefit from geological developments that may result from a broadening of exploration in the Fenelon area,” added Kalt.
About Red Lake Gold
Red Lake Gold Inc. is focused on high-impact gold exploration through its 12,300 ha district-scale Whirlwind Jack Gold Project situated near Red Lake, Ontario and adjacent to the Dixie Gold Project being advanced by Great Bear Resources Ltd.
To stop by Red Lake Gold’s website, CLICK HERE
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