By Cory Secova Metals Further Increases Its Land Position In The Windfall Lake District
Secova continues to build on its land package in the very popular Windfall Lake District. This acquisition now makes Secova the second largest land holder in the area behind Osisko, who continues to drill its property towards production.
There was also drilling news out of Bonterra Resources on the Gladiator Project which is adjacent to these recently acquired claims. Click here to read the Bonterra drill results.
Finally we need to remember that work programs at the Duvay and Eagle River projects will commence shortly. This will provide a lot of news for the Company at the end of summer and through year end.
I continue to hold my shares in Secova in anticipation of the drilling. I like seeing the Company grow its land package in the Windfall Lake district but this story remains an exploration play and drill results will be the driver.
I will be having the Secova CEO Brad Kitchen on the show with me this week. Please email me your questions.
Click here to visit the Secova webiste for more information.
… Here’s the news…
SECOVA METALS ACQUIRES OSISTERRA PROJECT AND FURTHER INCREASES ITS LAND POSITION IN WINDFALL LAKE GOLD DISTRICT
VANCOUVER, BRITISH COLUMBIA – June 6, 2017 – Secova Metals Corp. (“Secova” or the “Company“) (TSXV: SEK Frankfurt: N4UN USA: SEKZF) is pleased to announce that the Company has acquired 1106541 B.C. Ltd., a private B.C. Company which sole asset is the Osisterra Project (“Osisterra”) that consists of 30 claims or 1,694 contiguous hectares, adjacent to it’s Eagle River project which is on-trend to the Windfall Lake, Urban Barry and the Gladiator gold projects.
This brings the Company’s total contiguous land position at Eagle River to 21,472 hectares making Secova the second largest land holder in the district behind Osisko Mining. The Osisterra Project has had exploration on the property dating back to 1977 including mapping, airborne geophysical surveys and some drilling.
Secova’s Chairman and CEO, Brad Kitchen commented, “Secova has taken advantage of this opportunity to acquire the Osisterra claims that are directly adjacent to both the south of Osisko Mining’s Windfall Lake Camp, and to the west of Bonterra’s Gladiator project, hence its name, ‘Osisterra’. This parcel of land represents a critical piece of the puzzle for Secova and its extensive exploration plans for the Windfall Lake gold district. Management feels that this will be the Company’s last acquisition in this region before exploration commences on the Eagle River properties shortly. The Company has more than sufficient capital to accommodate its budget for the Duvay/Chenier drilling program as well as its initial Phase 1 exploration program at Eagle River.”
The acquisition is an arms-length transaction in which the Company will issue 10 million common shares by way of a share exchange agreement. The acquisition transaction contemplated herein are subject to final TSX Venture Exchange approval.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in …read more
Source:: The Korelin Economics Report
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