2017-03-01 10:38 ET - News Release
Mr. Jonathan Armes reports
KAPUSKASING GOLD TO ACQUIRE STRATEGIC PORTFOLIO OF COPPER/COBALT AND VANADIUM PROPERTIES IN NEWFOUNDLAND & LABRADOR
Kapuskasing Gold Corp. has signed a non-binding letter of intent to acquire (through asset purchase) a 100-per-cent interest in eight separate properties located in the province of Newfoundland and Labrador. The properties are being acquired for their battery technology metal potential - more specifically Cobalt and Vanadium. Five of the properties are located on the island of Newfoundland and three are in Labrador. The province has maintained its reputation as being one of the best jurisdictions for new discoveries in Canada, and for maintaining a very friendly pro-mining environment and an excellent rebate system to explorers.