NEWS ROUNDUP — South Malartic acquires past producer

South Malartic Exploration (MSU-M) has picked up a gold silver property 50 km northeast of Trois-Rivires, Que.

Past exploration on the 765-ha property uncovered an indicated resource of 400,000 tonnes grading 6 grams per tonne. That zone, called Montauban South, is open to the south and at depth. Under terms of the deal, South Malartic will pay the vendors $75,000 and 245,000 shares, plus another 245,000 shares after a year. The company intends to spend $800,000 on a prefeasibility study.

The company also staked 1,107 ha, including the past-producing Muscocho gold-silver mine, next to the optioned property.