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Beaufield Acquires 100 Percent of a Key Hemlo Camp Gold Property
Nov. 22, 2016 09:39AM PST
Gold InvestingBeaufield Resources (TSXV:BFD) has acquired it has completed the acquisition of the remaining 50 percent undivided interest in its Hemlo Camp gold property pursuant to an agreement dated October 24, 2016. As quoted in the press release: Beaufield already owned a 50% interest in the property. The Hemlo Camps gold property consists of 95 mining …
Beaufield Resources (TSXV:BFD) has acquired it has completed the acquisition of the remaining 50 percent undivided interest in its Hemlo Camp gold property pursuant to an agreement dated October 24, 2016.
As quoted in the press release:
Beaufield already owned a 50% interest in the property.
The Hemlo Camps gold property consists of 95 mining claims located in the Hemlo gold mining area, in Ontario. The property borders on the Barrick Hemlo gold mine property and is located due west of Barrick on the same geological horizon. Beaufield will immediately initiate a detailed study of all previous data that dates back to the 1981 discovery of three Hemlo gold mines that to date have produced over 20 million ounces of gold. The Hemlo area is presently witnessing a renewed exploration focus which we have not seen since the 1980s.