Why Are Companies Acquiring Property All Around
Post# of 579
Garibaldi Resources – is the dominant landholder in the emerging Sheslay Camp in Northwest British Columbia. The company believes this is a highly prospective, under-exploited new Cu-Au porphyry discovery area.
It looks like others are starting to believe it too. Here is an excerpt from a recent press release by another unnamed company:
it has acquired 1,889 hectares of claims contiguous to the entire northern border of Prosper Gold Corp.’s Sheslay Cu-Au Porphyry Project located in northwestern British Columbia. The central and northern parts of Prosper’s Sheslay project include three Cu-Au porphyry targets – the advanced Star, the North Star and the East Star, each located within approximately one kilometer of each other. The claims are also contiguous with the northwestern corner of Garibaldi Resources Corp.’s Grizzly Property as well as the northern boundary of Doubleview Capital Corp.’s Hat Property.
The Company now holds prospective claims in the Sheslay Valley, …. a potential new world class mining camp.
“XXX is extremely pleased to have acquired these very strategic claims in the most exciting new exploration area of British Columbia where drilling discoveries have recently been announced on two separate properties. “
Garibaldi Resources (GGI:TSXV) is not only the dominant land holder in Sheslay Valley, it also has more than $3,000,000 in working capital AND hasn’t raised $1 over the last 5 years thanks to a very strategic asset sale that filled its coffers.
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