Post by
HillsboroughMan on Jun 06, 2014 10:57am
Bought Claims
Password: Save PC Gold Inc Symbol C : PKL Shares Issued 89,386,667 Close 2014-06-05 C$ 0.05 Recent Sedar Documents View Original Document Goldon Resources to sell Pickle Lake claims to PC Gold 2014-06-06 10:09 ET - News Release See News Release (C-GLD) Goldon Resources Ltd Mr. Michael Romanik of Goldon reports GOLDON AND PC GOLD AGREE TO MERGE PROJECTS IN THE PICKLE LAKE GOLD CAMP OF NORTHWESTERN ONTARIO Goldon Resources Ltd. has signed a binding agreement, whereby PC Gold Inc. will acquire all of Goldon's 100-per-cent-owned and optioned Pickle Lake mineral claims. Under the terms of the agreement, and subject to regulatory approval, PC Gold will acquire Goldon's property by issuing four million common shares of PC Gold. The Goldon property is located in the Pickle Lake greenstone belt of Northwestern Ontario and covers a large 6,480-hectare land position that includes the southern extension of PC Gold's Pickle Crow mine trend (past production of 1.45 million ounces of gold) and its 1.2-million-ounce gold deposit. The property is contiguous with the southwestern claim boundary of PC Gold's existing property, adjoins the past-producing Central Patricia mine property (650,000 ounces of gold) to the northwest and extends to the past-producing Dona Lake mine property (225,000 ounces of gold) to the southeast (see area map on Goldon's website). "We have been working on the Pickle Crow transaction for a long time and feel it's good for all stakeholders," said Mike Romanik, president of Goldon. "PC Gold's consolidation of the Pickle Lake camp is the most logical and direct path towards new investment, exploration and development in this historic mining region. And from Goldon's perspective, the transaction enables us to focus on our new Slate Falls gold-silver project, while retaining an indirect interest in a project we've always believed in." © 2014 Canjex Publishing Ltd. All rights reserved.