Part of the deal will see GSR retain a 50% interest in nine claims within the Larder Lake project which are adjacent to ground held by Armistice Resources (ME).
On completion of the deal, Northfield and affiliate company Rockford Minerals (TSE) will hold a 100% interest in the property, which includes the Cheminis project. The partners plan to spend $4 million on additional exploration and development of the Cheminis claims. GSR’s proposal to Golden Shield’s creditors still remains to be accepted, GSR says.
]]>
Be the first to comment on "GSR, Northfield deal"