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A new strategic partnership and equity investment by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) into Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS) will allow the two Canadian juniors to “unlock the full potential of their assets,” says Stephen Stewart, CEO of Orefinders and chairman of Mistango. Under the proposed partnership agreement, Kirkland Lake Gold has acquired a 9.9% stake in each of the juniors. Additionally, Kirkland Lake will also have the option to acquire up to a 75% interest in specific projects under the companies’ portfolio of assets in exchange for a total combined $120 million investment. This is the second high-profile investment that Orefinders and Mistango have received in the last year as billionaire investor, and former chairman of Kirkland Lake Gold, Eric Sprott has made four separate investments into the two companies over that period. ....
Explorer Discovers New Gold Mineralization at Abitibi Gold Belt Property Source: Streetwise Reports (1/21/21) iMetal Resources is setting out to see if the multi-million ounce gold resource next door continues onto its Gowganda West property in Ontario. iMetal Resources Inc. (IMR:TSX.V; ADTFF:OTCBB) holds about a half-dozen projects in Ontario and Quebec, with Gowganda West in northern Ontario in the Abitibi Greenstone Beltand about 90 km southwest of the Timmins Gold Campits chief focus. The property abuts Caldas Gold Corp. s Juby Gold project where an October 2020 technical report estimated a resource of 773,000 ounces of gold at a grade of 1.13 grams per tonne (g/t) in the Measured and Indicated category and 1.488 million ounces at 0.98 g/t in the Inferred category. ....