Northcore: Corporate Update
02 Abril 2014 - 5:30AM
Marketwired
Northcore: Corporate Update
MONTREAL, QUEBEC--(Marketwired - Apr 2, 2014) - Northcore
Resources Inc. (TSX-VENTURE:NCR) (the "Corporation") wish to
present a corporate update of its recent activities.
At its Annual
General and Special meeting of shareholders held on February 25,
2014, the Corporation received overwhelming support for its effort
to rejuvenate its activities. More than 31.81% of shareholders
voted and they supported the various resolutions with 87.38%
majorities and more. These participation and approval numbers are
very high considering that most Junior mining AGMs end up having
shareholder participations in the low teens.
The Board obtained a
strong mandate to negotiate the best conditions possible in the
choice for new advanced projects, financing and share capital roll
back. Northcore is actively pursuing a catalytic transaction which
coupled with a share roll back will re-energize the Corporation and
its share price. A share roll back will significantly reduce the
number of issued and outstanding shares making it more attractive
for financing and acquisition purposes.
Board members were
present and active at the recently held PDAC in Toronto and
identified a number of excellent advanced and grass root projects
in secure jurisdictions.
The identified
mining projects are very well advanced with known resources and
very good expansion potential. Some of these are gold projects in
hot Canadian exploration areas with active drilling campaigns.
Others are base metal projects in Ontario with resources while
others are strategic metals pre-feasibility situations in excellent
mining jurisdictions. Company management is actively investigating
all of these projects and will soon present them to the Board for
selection and go ahead decisions.
The proximity of the
Corporation's Lake Irene project to the current drilling being done
in the Monster Lake area by SOQUEM and IAMGold/Tomagold is leading
Northcore to finalize a spring and summer exploration project on
the property. The final details will soon be announced but they
will initially include a lake sediments survey as well as a
lakeshore and island outcrop sampling effort. Once completed the
results will be integrated with historical exploration and drilling
results to decide on future activities.
Northcore will be
communicating with Kel-Ex and try to see if there are possibilities
of doing additional exploration efforts in the Attawapiskat JV.
Northcore's partner Kel-Ex is a private corporation controlled by
Charles Fipke, the discoverer of the Diavik diamond mine, Canada's
first. The JV claims are contiguous to De Beers' Victor mine
property.
Similarly
discussions will be held with Melkior to identify exploration
targets on the West Timmins JV project.
Neither the
TSX-Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this news
release.
Northcore Resources Inc.Garry MajerleChairman of the Board of
Directors(519) 697 6945Northcoreres@gmail.com
(TSXV:NCR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
(TSXV:NCR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024