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Mainstream Minerals Corporation – Update on the recent work completed on its’ portfolio of properties
Mainstream Minerals Corporation â Update on the recent work completed on itsâ portfolio of pr...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nMainstream Minerals Corporation – Update on the recent work completed on its’ portfolio of properties\n\n\n Jul. 13, 2010 (TheNewswire.ca) -- July 13th, 2010 - Winnipeg, MB - Mainstream Minerals Corporation (OOTC:MSMCF) (TSXV:MJO) (TSX-V: MJO)(\"Mainstream Minerals\") is pleased to report on the exploration and development work that has either been recently completed or is presently ongoing on its portfolio of properties located in the Red Lake and West Timmins Gold (OOTC:TMGOF) (TSXV:TMM) Camps of Ontario.Bobjo Mine Project, in Earngey and Agnew Townships of the Red Lake Mining Division of OntarioWith the execution of the Property Interests Exchange Agreement with King's Bay Gold Corporation (TSXV:KBG) on June 14th, 2010 (see the news release of June 16th, 2010 for details on this agreement), Mainstream Minerals now has an undisputed 100% ownership interest in the Bobjo Mine Project's land package of 9 patented and 218 unpatented claim units. The exploration program that was previously announced on February 11th, 2010 for the Bobjo Mine Project was limited due to ongoing talks with a third party for a potential transaction on another property within the area. The Company is presently in discussions with a number of geological contractors in regards to putting together a $750,000 work program. The Company expects to re-start its exploration program in the next few weeks. Michael Romanik, President & CEO, stated that \"We are very excited to get back to work on the Bobjo Mine Project and we would like to take this opportunity to thank our shareholders for their patience and understanding while we were quietly putting together a deal over the past several weeks to acquire 100% ownership of this promising project\".Hazard Lake / Northgate Deposit Property in Uchi Lake Township, Red Lake Mining Division of OntarioIn a news release dated January 25th, 2010, the Company was pleased to announce that it had engaged the services of Mr. A.A. Burgoyne, P.Eng., M.Sc. of Burgoyne Geological Inc. as the Qualified Person (QP) for the purposes of completing a detailed Technical Evaluation Report on the historical exploration work carried out on this recently acquired gold property. Mr. Burgoyne delivered his report and made a number of specific recommendations for a Phase I exploration and development program...