With the proposed transaction, Liberty Mines will become a near term gold producer with two fully permitted mills located in two Canadian gold camps.
The Snow Lake Property’s assets comprise the New Britannia Mine with associated plant, infrastructure, and equipment including a fully permitted 2,150t per day modern mill and tailings facility.
The property includes about 104km² of mineral claims and leases containing over ten known mineralized zones, including four gold deposits with 43-101 resources.
In connection with the proposed acquisition, and effective immediately, Liberty Mines has appointed David Rigg, former chairman, president and chief executive officer of QMX Gold, as its president and chief executive officer.