Orefinders Resources (TSXV: ORX) has acquired the past producing underground McGarry gold mine and surrounding property in Ontario’s portion of the Abitibi greenstone belt. The company is focused on acquiring and consolidating property in the Abitibi that has a history of production or exploration.
“I don’t want to say I’m a deal guy, but I’m a bit of a deal guy,” Orefinders CEO Stephen Stewart says in an interview with The Northern Miner. “I’m always looking for something that makes sense. If it fits in our portfolio, it checks those boxes, absolutely, we’re interested.”
Orefinders acquired the 6.8 sq. km McGarry gold property for 8 million shares. The property consists of the past-producing McGarry gold mine and Barber-Larder open gold pit, which sit on 2.4 strike km of the Cadillac-Larder Lake break near Virginiatown, Ont. It comes with some infrastructure, including a shaft and hoist.
Continue reading at The Northern Miner.