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War Eagle adds 122 hectares to the existing Kirana Goodfish Property, Kirkland Lake
War Eagle adds 122 hectares to the existing Kirana Goodfish Property, Kirkland Lake ...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"\n\n\n\nWar Eagle adds 122 hectares to the existing Kirana Goodfish Property, Kirkland Lake\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 19, 2018\n\n\n\nVANCOUVER, July 19, 2018 /CNW/ - War Eagle Mining Company Inc. (TSXV - WAR) (\"War Eagle\" or the \"Company\") is pleased to announce that it has completed the purchase of the Deloye Family Claims (\"Deloye Claims\" or \"the Claims\") located in the northeast corner of Teck and the northwest corner of Lebel townships, Ontario, 3.1 km north of the Kirkland Main Break. (Figure #1, #2 and #3.)\n\n\n \n \n\n \nThe Deloye Claims land package consists of eight patented mining claims, a total of 122 ha, with mineral rights on all eight claims and surface rights on four of the eight, bringing the current Goodfish Kirana land package to 3,418 ha from 3,296 ha. These claims contain the old shafts and trenches of the historical Kirana Kirkland Lake Gold Mine \"Kirana Kirkland Mine\", which stopped production in 1936. The reported historical grades for the Kirana Kirkland Mine from the Ontario Department of Mines Vol.1 LVII (1) include \"narrow high-grade streaks of $20 to $150 per ton in gold. The 2018 estimated equivalent is between 30 g/t of gold and 145 g/t of gold. \n\nUnder the terms of the acquisition, War Eagle has agreed to:\n\n\nPay to Diane Deloye (\"Deloye\"), the sum of one-hundred and fifty-five thousand dollars (CAD155,000) upon the closing of the Transaction. The Company also agrees to pay all reasonable legal fees.\nGrant to Deloye a 1.5% royalty based on net smelter returns) (\"NSR\" or \"Royalty\") on all mineral products produced from the Claims. The Company shall have the right to the...