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Lake Winn Resources Corp V.LWR

Alternate Symbol(s):  EQTXF

Lake Winn Resources Corp. is a Canada-based mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. Its gold properties include Cloud and Quartz. The Little Nahanni Pegmatite project covers approximately 9682.5 hectares that includes a major portion of 13 kilometers (kms) long, and up to 500 meters (m) wide, lithium, cesium, and tantalum pegmatite dyke swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin. The Company's Cloud project is located in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kms northeast of the town of Flin-Flon. Access to the property is provided by Manitoba highway 10 to the all-weather Kississing Lake Road. The Company also has the Quartz property 76 kms east of Flin Flon where there are historic high grade gold drill intercepts.


TSXV:LWR - Post by User

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Post by topseekeron Nov 20, 2015 8:44am
150 Views
Post# 24308519

Today's News Release for CRS/EXX

Today's News Release for CRS/EXXGood Day All Longs. Thanks again Bigbird for your input on this BB. More great news as all we Longs move forward. Enjoy the read, Best Wishes to All Longs, Sincerely, Topseeker. Cardiff Energy Corp. Completes Buyout Agreement For Clayton #1H And Bearcat #4 (via Thenewswire.ca) Vancouver, BC / TheNewswire / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS", Frankfurt: "C2Z.F", US Pinksheets: "CRRDF") is pleased to announce that they have completed a Buyout Agreement with Martin Energies, the Operator of the Clayton #1H and the Bearcat #4 wells. The Company now holds a 70% working Interest ("WI") in the Clayton #1H with their JV Partner Equitorial Exploration Corp. holding a 30% WI and the Company holds a 100% WI in the Bearcat #4. Although, additional time was needed to finalize the Buyout Agreement and to transfer the operating license to the new Operator, the Company is now in a strong position and focused on moving their Runnels County, Texas business plan forward. With all necessary equipment on site the new Operator is scheduled to commence the initial flow test of the Clayton #1H within the next few days. Additionally, the new Operator will be reviewing the Bearcat #4 site to determine the amount of oil currently stored in the tanks, analyses the production rate and to consider additional production opportunities. Furthermore, the Company has granted 1,500,000 incentive stock options to current officers and directors under the Company's 10% rolling stock option plan (the "Plan"). The options granted are for a five year period expiring November 20, 2020 at an exercise price of $0.165 per share. This transaction is subject to TSX Venture Exchange approval. Jack Bal, President and CEO of Cardiff Energy Corp., states "We strongly believe in our business plan in Runnels County, Texas and are looking forward to sharing the initial flow rates of the Clayton #1H." To learn more about the Company and the drilling of the Clayton #1H horizontal well please visit: https://www.cardiffenergy.com/i/pdf/Runnels-County-Texas.pdf The Company holds a 70% working Interest ("WI") in the Clayton #1H and their JV Partner Equitorial Exploration Corp. holds a 30% WI. The Company holds a 100% WI in the Bearcat #4. About the Company Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com For additional information contact: Jack Bal, President and CEO Cardiff Energy Corp 604-306-5285 jackbalyvr@gmail.com
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