Re: JV with Juno on claims
in response to
by
posted on
Mar 06, 2020 03:39PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Very interesting, back to his roots of the ring........
Rob Cudney: Checks most of the boxes. Now one of our major projects is we bought all the most all juniors land positions in what's called the Ring of Fire and that company is going to remain private until... We're starting the drill program and so on in the next month. But I was involved in financing the original discovery of the Ring of Fire, in fact I named it Ring of Fire. Because of all kinds of factors, infrastructure, now that's the challenge. Nighthawk is not a challenge. The Ring of Fire is a challenge. We expect some announcements very soon on roads and infrastructure coming in. We expect it to be one of the biggest mining camps in the world. The Ring of Fire is a similar scalability to the Sudbury camp.
John Harvey who was running the Juno subsidiary Northfield capital is the award winner for discovering the Ring of Fire. So we're putting the team from 2006 back together. We expect to go public with it within a year, but we're probably your audience is not going to want to pay too much attention because it is private still.
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VAL-D'OR, Quebec, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Val-d’Or Mining Corporation (“Val-d’Or Mining” or the “Company) (TSX-V:VZZ) announces that it has entered into an agreement with respect to the sale of its Luc Bourdon property, which is located in the McFaulds Lake Area in the James Bay region of northern Ontario. Val-d’Or Mining staked the property based on its geological merits. The purchaser of the property is privately-owned Juno Corp. (“Juno”).
In consideration for a 100% interest in the property, the Company will receive 1,500,000 shares in the share capital of Juno, and the Company will be granted a royalty of 1.5% of the net smelter returns from the property.
The Luc Bourdon property consists of 288 mining claim cells (5,585 ha), and lies along the northern limb extension of the favourable geological trend hosting nickel-copper-platinum group elements, chromium and copper-zinc-silver mineralization, known as the "Ring of Fire".
About Juno Corp.
Juno Corp. is a Canadian based junior exploration company and an arm’s length private entity.
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