QualityStocks would like to highlight Source Gold Corp. (OTCBB: SRGL). The company's corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada and the USA, concentrating on gold in the prolific Southern Beardmore Gold Camp in North Western Ontario, and expanding using advanced methods of exploration on the once prolific silver and gold producer, the Vulture Mine Site, in Wickenburg, Arizona.
In the company’s news yesterday,
Source Gold announced its plans to complete the acquisition this week of a new mineral property in northern British Columbia, at the Yukon Territories border.
The property was explored in the 1980s by crews looking for zinc, lead, and silver deposits. Though the crews didn’t complete the work, Source Gold acquired reports that the company says merit further studies of the claims. And while gold was not the target of the earlier exploration, Source Gold reports that there have been several gold strikes in the vicinity, partially due to the Carlin type geology of the area. This is worth noting since the Carlin Trend in northern Nevada has produced more gold than any other mining district in the United States.
“We’re primarily interested in the property because it fits in with our philosophy of acquiring mineral rights to properties in areas of geological promise and those that have been past producers. This one definitely shows geological promise – there are several discoveries in the area, and as a consequence the area is being staked quite heavily,” Lauren Notar, CEO of Source Gold stated in the press release.
Source Gold said it will release more details regarding the location and the terms of the acquisition once the transaction is completed.
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