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Mining giant Agnico Eagle buys into Yukon's White Gold district
By Dave Croft
Canadian Broadcasting Corp., Toronto
Monday, December 12, 2016
Yukon prospector Shawn Ryan says a deal has been struck to bring another major gold mining company into the White Gold district, south of Dawson City.
Agnico Eagle Mines Ltd. has bought a stake in thousands of mining claims originally owned by Ryan. A statement from the company says it bought 19.93 percent of the shares of the soon-to-be-named White Gold Corp. for $14.52 million.
Ryan said an associate of his formed the new Vancouver-based company, which then bought all his claims in the district -- 12,300 of them, spread over 21 properties. Ryan said he received $3.5 million and 7 million shares in the new company.
Together they then offered a package deal to major mining companies that included a stake in the shares and a three-year exploration program conducted by Ground Truth Exploration, a company jointly owned by Ryan's wife, Cathy Wood, and long-time associates Isaac Fage and Tao Henderson. ...
... For the remainder of the report:
http://www.cbc.ca/news/canada/north/yukon-agnico-eagle-gold-buys-stake-1...
Sandspring Resources Commences 2016 Exploration Campaign
Company Announcement
August 17, 2016
Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.
In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.
For the remainder of the announcement and highlights of the 2015 drill program:
https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...
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