Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: koan	11/15/2006 3:23:20 PM
	Read Replies (1) of 78416

Why did HBM sell the zinc project to ADA? HBM is super cash rich and one would think if it was a good zinc project HBM would have developed it? "Acadian Gold Corporation is a Halifax, Nova Scotia, Canada based resource company focused on exploring and developing gold and zinc properties in Atlantic Canada. The company is focused on two main projects; the Scotia Zinc Project and the Scotia Goldfields Project. The Company recently expanded its scope of activities in Nova Scotia with the purchase of ScoZinc Limited from HudBay Minerals Inc. The principal assets of ScoZinc Limited are a 1500 tpd processing plant (The Scotia Mine) and a zinc-lead deposit. The company has completed a positive feasibility study and is obtaining the necessary regulatory approvals and financing, and expects to make the transition from a development company to a producer in 2007. Acadian Gold is also currently focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. All of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on Sedar. Acadian Gold is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine central processing, managing and servicing strategy. The Company also recently announced that it has taken-up 78% of the common shares of Royal Roads Corp. Royal Roads’ principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral property known as the Tulks North property which is strategically located in the centre of the world-class Buchans base metal camp in central Newfoundland, Canada. In addition, Acadian subsiduary Royal Roads announced a friendly takeover bid of Buchans River Ltd. The Buchan's River acquisition will represent an expansion and strengthening of Acadian Gold's position in the Buchans base metal district in Newfoundland and Labrador, which is the focus of considerable exploration and development acitivity as well as the imminent opening of a new mine at Duck Pond by Aur Resources.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next