First Energy Metals to Acquire Shaw Gold Property, Canada
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First Energy Metals Ltd. has entered into an option agreement to acquire Shaw Gold Property located in Timmins Area Ontario, Canada.
The Shaw Gold Property gold property is comprised of 18 single or multi-cell claims covering approximately 693 hectares located in Shaw, Eldorado, and Whitney Townships, near Timmins Ontario. The property is located just 7km southeast of Newmont’s Dome Open pit and 5km south of the Destor-Porcupine Deformation Zone. The Timmins Gold Camp has produced more than 70 million ounces of gold from 50 gold mines over the last 100 years.
Previous historical exploration at the Turner Gold Showing has intersected gold mineralization from a 1972 drill program by Flint Rock Mines in felsic tuffs and a fuschite-bearing carbonate zone.
The QP and the company has not completed sufficient work to verify the historic information on the properties comprising the Shaw Gold Property, particularly regarding historical exploration, neighboring companies, and government geological work.
“We are excited to acquire the Shaw Gold Property. The acquisition follows our business strategy to acquire properties of merit in well established and historical mining camps in order to unlock their full potential through modern-day exploration and deposit model types,” said Gurminder Sangha, CEO of First Energy Metals.
About First Energy Metals Limited
First Energy Metals is a publicly traded Canadian mineral exploration company with a primary focus of acquiring a multi-commodity mineral property portfolio. Its goal is to identify, acquire, and explore North American mineral prospects in the precious metal, base metal, and industrial metals sector.
To stop by First Energy Metals’ website, CLICK HERE
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