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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Abitibi Mining Corp. | TSXV:ABB | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
"With the expansion of the Armstrong Lake gold property, the Company is able to move forward with its gold exploration plans. The Armstrong Lake project is along the same fault zone that intersects Amador Gold Corp.'s Horwood project, which recently announced the discovery of numerous high-grade gold zones on surface, a number of which are currently being drilled," comments Company President, Richard Hughes. "The fault zone, known as the Hardiman Bay Fault, is a splay off the Destor Porcupine Fault Zone which is believed to be a major controlling factor of gold mineralization within the Timmins camp."
To view a map of the Armstrong Lake Extension and other Company properties located in the West Timmins camp please click on the following link:
http://media3.marketwire.com/docs/tw_map_1215.pdf
The Armstrong Lake Extension property consists of eight claims (105 units) located in the Penhorwood Township of Porcupine Mining Division. The property is accessible by road and is located approximately 65 km southwest of Timmins. Consideration for the property consists of $10,500 and 200,000 shares. There is a 3% NSR, 1% of which may be purchased for $1,000,000.
The Company also announces that it has assessed the merits of the Monmouth Uranium property and has determined not to proceed further with it at this time.
About the Company
Abitibi Mining is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: Abitibi Mining Corp. Kevin Hull or Alan Campbell Investor Relations (604) 685-2222 info@abitibi-mining.com www.abitibi-mining.com
1 Year Abitibi Mining Corp. Chart |
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