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Article: Canada: St. Eugene Mining to Acquire Taraka Resources.
- Article from:
- TendersInfo
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
THIS PRESS RELEASE IS Takara Resources Inc. (TSX VENTURE: TKK.V) ("Takara") and St. Eugene Mining Corporation Ltd. (TSX VENTURE: SEM.V) ("St. Eugene") are pleased to announced that they have entered into an agreement for a proposed arms-length merger.
St. Eugene holds the rights to acquire a 100% interest in the Tartan Lake Gold Mine and a 35% interest in the Amisk Lake Gold Project in Saskatchewan. The Tartan Mine is a past gold producer located 12 kilometres northeast of Flin Flon, Manitoba. Between 1986-1989 the Tartan Mine produced 48,000 ounces of gold (Trinder and Leroux, 2008). The Tartan Mine assets include a 440 tonne per day ...