Business
Stellar Pacific to take high land position near Noront Resources in urban township
Stellar Pacific to take high land position near Noront Resources in urban township.
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"\n\n\n\nLAVAL, QC, Jan. 22 /CNW Telbec/ - Stellar Pacific Ventures Ltd. (SPX) is\npleased to announce the acquisition of 100% interest in 58 Claims covering\n928 hectares located in the North Western Quebec's Urban township. The Company\nis earning its interest by paying $25,000.00 and issuing 200,000 shares of its\nshare capital to a prospector.\n\n\nThe 58 claims property is located 100 kilometres east of Lebel Sur\nQuevillon where significant results has been obtained by Noront Resources\n(NOT) recently at 5 km west of the property.\n\n\nIn December 1, 2006, Noront announced the results of three gold assays\ntesting 1792.9 g/t, 800.1 g/t and 1327.9 g/t Au over 4.8 meters.\n\n\nThis area is well known for its gold potential, and the company is very\npleased with this acquisition adding another attractive property to its\nportfolio with Opinaca, Aiguebelle, Clericy and Vassan all located near major\ngold discoveries.\n\n\nThe company will undertake shortly a magnetic survey of the entire\nproperty and establish a drilling program for the summer.\n\n\nStellar Pacific Venture Inc. is a junior mining exploration company\nlisted on the TSX-V whose primary objective is to develop and bring into\nproduction viable gold deposits.\n\n\n\"Michel Lemay\"\n\n\n---------------------\n\n\nMichel Lemay\n\n\nPresident\n\n\nThe TSX Venture Exchange has in no way passed on the merits of the\n\n\nproposed transaction and has neither approved or disapproved the contents\n\n\nof this press release.\n\n\n","length":1586,"tagName":"div"}]