Some News Anyway. No Effect Though Halo and AurCrest Finalize Joint Venture Agreement on Bridget Lake Property5 hours ago by Marketwire
Halo Resources Ltd. (TSX VENTURE: HLO)(FRANKFURT: HRLN) ("Halo" or the "Company") and AurCrest Gold Inc. (TSX VENTURE: AGO) ("AurCrest") are pleased to announce that further to its announcement dated October 27, 2008, the company has signed a final joint venture agreement in respect of the Bridget Lake Property in the prolific Red Lake area of Ontario.
Halo has acquired a 65% interest (from AurCrest) in the 9 claim units (144 hectares) situated in Ball Township, Red Lake Mining Division (the "Property"). The Property is adjacent to the Red Lake Gold Mines, Halo's West Red Lake joint venture property owned 60% by Halo and 40% by Red Lake Gold Mines.
"The completion of earn-in and the joint venture agreement is another important step in the consolidation of the West Red Lake area. Halo now has three joint venture agreements that combined provide control of 4,394 hectares in an area that has seen only fractured property ownership for the last 50 years. These claims cover an area of approximately 9km by 5km with prospective geology that ranges from nickel-bearing ultramafics to gold-bearing quartz veins", says Mr. Cernovitch.