The Prospector News

Alexandria Signs Memorandum of Understanding with Matchewan First Nation

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Alexandria Signs Memorandum of Understanding with Matchewan First Nation

 

 

 

 

 

Alexandria Minerals Corporation (TSX-V:AZX) (OTC PINK:ALXDF) (FRANKFURT:A9D) is pleased to announce that it has signed a Memorandum of Understanding with the Matachewan First Nation in relation to mineral claims Alexandria holds on its Wydee Property, located northwest of the Young-Davidson Gold Mine in Matachewan, Ontario.

 

 

The MOU strengthens the developing relationship between AZX and the Matachewan First Nation, defines procedures by which exploration programs are approved and will take place, promotes mutual respect and understanding, and establishes a protocol for any future discussions and negotiations of an Impact Benefit Agreement.

 

 

Eric Owens, President and CEO, said, “We are very pleased with this document and with the discussions leading to it, and we look forward to working with the Matachewan First Nation in a mutually beneficial fashion in the years to come.”

 

 

The conditions of the MOU will apply to Alexandria’s JV partners on the Wydee property, Prosper Gold Corporation, who optioned the property from AZX earlier in the year.

 

 

Alexandria will issue 50,000 shares as well as 50,000 options to the MFN, the latter to vest in 25% increments, beginning with approval by the TSX, and in three equal parts every six months thereafter.

 

About Alexandria Minerals Corporation

 

 

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with important gold resources on one of the largest properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec, additional gold-copper resources in the world class Snow Lake-Flin Flon mining district of Manitoba, and the notable Red Lake Mining District of northern Ontario.

 

Posted June 1, 2016

Share this news article

MORE or "UNCATEGORIZED"


VIZSLA SILVER AGREES TO ACQUIRE NEWLY CONSOLIDATED PAST-PRODUCING SILVER DISTRICT IN THE EMERGING SILVER-GOLD-RICH PANUCO - SAN DIMAS CORRIDOR IN MEXICO

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

March 28, 2024

Additional Drill Results Highlighted by Hole D-380 in Block 6 at Oko West, Intersecting 39.7 m Grading 5.27 g/t Au Including 2.8 m @ 14.18 g/t Au and 13.0 m Grading 10.50 g/t Au

Reunion Gold Corporation (TSX-V: RGD) (OTCQX: RGDFF) is pleased t... READ MORE

March 28, 2024

STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces ... READ MORE

March 28, 2024

Hudbay Provides Annual Reserve and Resource Update and Production Outlook

Consolidated copper production is expected to average 153,000i to... READ MORE

March 28, 2024

Aya Gold & Silver: Record 2023 Production, Revenue and Operating Cash Flow

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

March 28, 2024

Copyright 2024 The Prospector News