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Fieldex acquires ownership of 100% of the Michikamats property
Apr. 07, 2010 07:42PM PST
Rare Earth InvestingFieldex Exploration Inc. (FLX: TSXV and F7E: Frankfurt) reported that the company has entered into an agreement to purchase a 100% interest in 635 mineral claims representing 15,550 hectares (155.5 sq.km), covering 100% of the Michikamats anomaly in Labrador.
Fieldex Exploration Inc. (FLX: TSXV and F7E: Frankfurt) reported that the company has entered into an agreement to purchase a 100% interest in 635 mineral claims representing 15,550 hectares (155.5 sq.km), covering 100% of the Michikamats anomaly in Labrador.
The press release is quoted as saying:
Fieldex is a mineral resource company actively exploring in Quebec for base and strategic group metal deposits located throughout Canada, representing over 600 km². FNX Mining Company owns 6,500,000 shares of Fieldex Exploration Inc. Fieldex has 58,122,018 shares outstanding, a cash position of $3M and an investment of 800,000 shares in Visible Gold Mines Inc.