Vancouver – GoldCorp (G-T) chairman and former CEO Robert McEwen is purchasing 5.7 million shares of White Knight Resources (WKR-V).
McEwen’s 10.5% position in White Knight will be conducted as a private purchase, from GoldCorp, at about 80 per share.
GoldCorp acquired its position in the junior in stages, up until mid-2004, for investment purposes and exposure to White Knight’s significant land position in north-central Nevada’s Cortez Trend.
White Knight recently reviewed summer drill plans for nine of its Nevada projects.
Additionally, the company also announced its Lower Plate Challenge contest where contestants can estimate, or guess, at what depth Lower Plate rocks will be intersected in its Slaven Canyon, Fye Canyon and McClusky Pass drill programs.
The contest is strangely reminiscent, although much more simplified, to the GoldCorp Challenge back in 2000 when the Red Lake producer enticed participants to "find the next six million ounces at the Red Lake Mine" by awarding over US$500,000 in cash prizes.
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