GREY:ALXDF - Post by User
Post by
production05on Jan 11, 2016 8:58am
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Post# 24445809
Oban hooking up with Niogold
Oban hooking up with NiogoldThis doesn`t really impact Alexandria, other than to note that Oban is soon to be located right in our neighbourhood.
Another note is that Alexandria`s Siscoe property is 50/50 owned with Niogold. Thus, Oban will soon own Niogold`s 50% interest in Siscoe. We`ll have to wait and see if Oban will eventually decide to initiate an exploration program on Siscoe, in order identify an additional Val d`Or area discovery (to go along with the established deposits purchased from Niogold) - since they will be in the neighbourhood. The greater Siscoe property has a rich history of mining, but not a lot of exploration work has been done recently to make new discoveries. Potential still exists. I think Oban`s plate will be full on other properties for the next little while, but we`ll see what happens eventually.
https://www.marketwired.com/press-release/oban-mining-to-acquire-niogold-mining-tsx-obm-2086879.htm