DAILY NEWS Feb 26, 2013 4:06 PM - 0 comments

CSR: SGX, Mattagami First Nation reach exploration deal

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ONTARIO – SGX Resources of Winnipeg and the Mattagami First Nation have signed an exploration agreement that recognizes the rights, obligations, and responsibilities of each party in relation to ongoing exploration activities on claims held by the company that are located in Mattagami traditional territory. The agreement also identifies potential opportunities which may arise from exploration activities in these areas and provides methods for the Mattagami community to participate in these opportunities.

Mattagami First Nation Chief Walter Naveau stated, "SGX approached Mattagami First Nation in a proactive and respectful manner regarding exploration in our traditional territory. I look forward to a long, mutually beneficial relationship with SGX."

SGX discovered the near-surface Edleston gold deposit located 60 km by road to the south of Timmins. ON. The company is also conducting additional exploration and infill drilling at the high grade, near surface Tully gold deposit 25 km north of Timmins. The company also holds a 31.5% interest in the Davidson-Tisdale deposit in Timmins, as well as other strategic lands to the west and south of Timmins, near current and past production.

Maps of the various properties are posted at SGXresources.com.

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