RE: RE: New Gold: The Perfect Storm for Growth I'm not sure if this will be the next step, but I can say that down the road, watch for New Gold (or Abacus) to take out v. DCY. DCY has the Galaxy Property that's nearby the Afton mine.
The Galaxy property is comprised of nine claims, two Crown granted claims (Golden Star and Evening Star) and seven mineral claims (Sugar 1 through 7), covering approximately 91 hectares, seven kilometres southwest of the city of Kamloops in south-central British Columbia within the Kamloops Mining District. The project is located approximately seven kilometres southeast of the past-producing Afton mine and four kilometres northwest of the former Ajax mine.
All of the claims and the under-surface rights on the Crown grants are 100% owned by Discovery-Corp. The seven mineral claims are in good standing until 2018. The two Crown granted claims are in good standing and are renewed annually. There are no outstanding royalties payable on the property.
The Galaxy property is situated entirely on land with privately held surface rights. Surface title to the Evening Star and Golden Star crown grants is held by Waterford Holdings Ltd. and surface title to the seven mineral claims is held by Sugarloaf Ranches Ltd., a company owned by Teck Cominco Ltd. Discovery-Corp has maintained good working relationships with both companies and, should the Galaxy property move into the production phase, the Company is confident Waterford Holdings Ltd. and Sugarloaf Ranches Ltd. will sign land-use agreements.