ArcPacific Resources Corp. (TSX-V: ACP, Forum) announced on Wednesday that it had entered into a purchase and sale agreement with two vendors to acquire a 100% interest in and to certain mining claims near Timmins, Ontario. The Claims are contiguous to the Company’s existing Rickard Gold Project and total 509.6 Hectares. This new acquisition expands the total size of the Property by 50%. The Rickard Gold Project is a past producing high-grade gold mine located in the Abitibi Greenstone Belt.
To find out more about this acquisition, click
here.
This follows last month’s acquisition by the Company of an undivided
100% interest in and to certain mineral claims located in Ontario commonly referred to as the Rickard Gold property from private company,
Tauro Capital Corp., where gold was discovered in 1917. Host to the historic high grade Rickard Gold mine in the Abitibi Greenstone Belt in Ontario, Canada, the project is located approximately 70 kilometres from Timmins in the Timmins Gold Camp which has produced over 80 million ounces of gold over the last 100 years.
FULL DISCLOSURE: ArcPacific Resources Corp. is a client of Stockhouse Publishing.