Canamera Geological has been given the exclusive right to acquire Newhawk Gold Mines’ (NHG-T) 60% interest in the Bruceside-Sulphurets property in British Columbia for $8 million.
The property, 37 miles north of Stewart, contains a diluted minable reserve of 600,000 tons grading 0.41 oz. gold and 17.3 oz. silver per ton. A non-refundable deposit of $250,000 gives Canamera the right, until Oct. 25, to complete a due diligence review and elect to buy the 60% interest.
The remaining 40% is owned by Granduc Mining (GDC-T), which holds a right of first refusal on Newhawk’s interest.
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