Friday, April 18, 2014

Mining Company Sells Stakes

A junior mining company is selling off some of its interests in northwestern Ontario. King's Bay Gold says it's handing over its 20 per cent stake in two properties in the Nestor Falls area to Cameron Gold Operations, a subsidiary of Australia's Chalice Gold Mines. King's Bay earns 100-thousand dollars Canadian in the deal. The site's remaining interests were owned by Coventry Resources, which was bought out by Chalice in February.