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LEXAM VG GOLD INC T.LEX

"Lexam VG Gold Inc is engaged in the business of exploring precious metal mineral properties in Timmins, Ontario, Canada. Its properties include Buffalo Ankerite, Davidson Tisdale, Fuller, Paymaster, and Baca Oil and Gas Project."


TSX:LEX - Post by User

Post by AGandAUon Jul 25, 2016 12:19pm
544 Views
Post# 25081806

Generating cashflow from the former Mirado mine

Generating cashflow from the former Mirado mine

The process of milling the stockpiles of the former Mirado mine will start shortly , producing a minimum of 3000 ounces of gold with a sales value of over 5 M $.

 

Orefinders Resources ( ORX.V ) will use the proceeds for exploration and drilling in order to expand the existing gold resource at their flagship Kirkland Lake project.

Mirado contains a NI43-101 compliant inferred resource of 440 K ounces of high grade and near surface gold.

 

Long ORX.V

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