NORTHERN QUEBEC - MIRABEL RESOURCES of Montreal and CONSOLIDATED BIG VALLEY RESOURCES of Vancouver have signed a strategic alliance for the development of Mirabel's Russian Kid gold property near Rouyn-Noranda. In particular, Mirabel is seeking the expertise of Big Valley president and CEO Frank J. Basa.
Mirabel acquired the Russian Kid property from GLOBEX MINING in May 2005. The property has been explored from underground and is believed to have a historical resource of 1.0 million tonnes grading 8.46 g/t Au. In September the company hired INDUSTRIAL GROUP to rehabilitate the underground workings. By mid-December, dewatering had reached the 150-ft level, and installation of systems including ventilation, electrical, compressed air and water was underway.
Contact John Stella in Mirabel's investor relations department at 514-428-4185 for more information.