EDM Resources Inc V.EDM

Alternate Symbol(s): SWNLF

Metals & Mining Industrial Metals & Minerals

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.

TSXV:EDM - Post by User

EDM Resources Inc

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Post by wesmileon Nov 27, 2012 2:13pm

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Post# 20650547

Selwyn and Chihong future

What is next for Chihong Canada? Make an offer 75cents a share?

"It is contemplated that the feasibility study will be completed in late March 2013 utilizing the remaining funds within the Joint Venture bank account: $5.37 million as at October 1, 2012. Upon completion of the expenditures remaining in the Joint Venture bank account, Chihong Canada will have vested a 50% interest in the Joint Venture."

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