IMX Resources Limited Acquires 50 Percent Interest in St. Stephen Project From ABE Resources

IMX Resources Limited (TSX:IXR, TSX:IXR.WT, ASX:IXR) announced that it has acquired a 50 percent interest in the St. Stephen nickel-copper project in Val d’Or, Québec from ABE Resources.

As quoted in the press release:

 In consideration for acquiring its interest in the St. Stephen Project, IMX paid ABE Resources Cdn$30,000 and issued 148,000 IMX shares to ABE Resources.

IMX’s Managing Director, Neil Meadows, said:

We are pleased to have acquired a 50% interest in the St. Stephen Project which has shown some encouraging mineralisation from the small amount of exploration work to date and is ideally located in terms of jurisdiction, mineral prospectivity and access to infrastructure. We now plan on determining the most suitable means by which value can be extracted from the project.

To view the whole press release, click here.