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Starfield Resources Inc. (TSX:SRU) announced it sold 179 mining claims to Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) in Montana, United States.
Starfield Resources Inc. (TSX:SRU) announced it sold 179 mining claims to Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) in Montana, United States.
As quoted in the press release:
The transaction was completed on a private basis between the two companies and is worth approximately US$2 million. The funds will be used for working capital and exploration in Canada and the United States.
The claims, which are at the eastern end of the Stillwater Complex, were deemed to be non-core to the Company, which is focusing exploration efforts on the western end of the district. The purchase will provide SMC with greater access to its new Blitz Project.
Click here to read the Starfield Resources Inc. (TSX:SRU) press release.