Hardrock, Geraldton, Ferau joint ventures

Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest in certain properties held by Geraldton Longlac was converted into 810,284 Geraldton shares.

In a second agreement, Geraldton’s 8% interest in certain Hardrock properties was converted into 750,000 Hardrock shares.

In a third agreement, Ferau’s 8% interest in certain Hardrock properties was also converted into 750,000 Hardrock shares.

The three companies control several gold properties in the Geraldton mining camp of northwestern Ontario.