Monday, April 14, 2014

Kings Bay Sells Gold Project in Nestor Falls Area

A junior mining company is selling off some of its interests in northwestern Ontario.

King's Bay Gold says it's handing over its 20 per cent stake in two properties in the Nestor Falls area to Cameron Gold Operations, a subsidiary of Australia's Chalice Gold Mines.

King's Bay earns 100-thousand dollars Canadian in the deal.

The sites remaining interests were owned by Coventry Resources which was bought out by Chalice in February.