QUEBEC – Having acquired the assets of NAP Quebec on March 22, 2012, new owner Maudore Minerals of Montreal has made its maiden gold pour – two bars that total 945 oz of gold.
The acquisition, from NAP Quebec Mines a subsidiary of North American Palladium, included the suspended Sleeping Giant mine and mill and the Vezza project, as well as a portfolio of exploration properties. Maudore paid $18 million cash and 1.5 million common shares.
To celebrate the acquisition, Maudore asked its new employees at Sleeping Giant and Vezza to select a new name for NAP Gold. A total of 119 entries were submitted. The winner of the contest was Pascal vanDoesburg, the warehouse clerk at the Sleeping Giant mill. The company announced that the new corporate name of NAP Gold will be Aurbec Mines Inc./Mines Aurbec Inc.
Visit the Maudore website at Maudore.com to read the latest corporate presentation.