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Nearby Location News

  • Thundermin Resources Inc. Provides Update on Pelletier Lake Gold Property, Rouyn-Noranda, Quebec 2015-09-17

    TORONTO, ONTARIO--(Marketwired - Sept. 17, 2015) - Thundermin Resources Inc. ("Thundermin") (TSX VENTURE:THR) announces that the agreement with QMX Gold Corporation ("QMX") with respect to the Pelletier Lake Gold Property located near Rouyn-Noranda, Quebec ("Pelletier Lake") has been terminated and Thundermin's 100% ownership of Pelletier Lake has been re-instated.

    On September 1, 2005, Thundermin granted QMX an option to acquire a 100% interest in Pelletier Lake subject to, among other things, Thundermin's right to receive a 2.5% NSR once the property was put into commercial production (the "QMX Option"). The QMX Option was the subject of an arbitration process which in May 2014 determined that QMX's right to earn a 100% interest in Pelletier Lake was subject to QMX achieving commercial production at Pelletier Lake by February 28, 2018 and making certain annual advanced royalty payments to Thundermin by August 31st in each year until commercial production was achieved. QMX did not comply with the terms and conditions established by the arbitrator and as such on August 31, 2015 all of QMX's rights with respect to Pelletier Lake were terminated.

Related News

  • Chalice increases Canadian foothold 2016-10-12
    ASX- and TSX-listed Chalice Gold has signed a binding option and farm-in agreement with Canada’s Globex Mining Enterprises to acquire an interest in the Nordeau gold project, in Quebec. Under the terms of the agreement, Chalice will acquire Globex’s share in the project by making annual option payments totaling C$590 000 over four-years and undertaking exploration expenditure of C$2.5-million also over a four-year period.
  • Globex Options Feldspar Property 2016-08-22

    ROUYN-NORANDA, QUEBEC--(Marketwired - Aug. 22, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that Globex has optioned our Johan Beetz Feldspar Property located in Johan Beetz and Iles de Mingan 03 Townships, Quebec directly east of the town of Johan Beetz and between Havre St-Pierre, 60 km to the west and the Innu Community of Natashquan, 80 km to the east.

  • Globex Options Beauchastel Township, Cadillac Break Claims 2016-08-02

    ROUYN-NORANDA, QUÉBEC--(Marketwired - Aug. 2, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has optioned 100% interest in 24 claims Globex owns on the Cadillac Break in Beauchastel Township, Quebec southwest of Rouyn-Noranda to Opawica Explorations Inc. (TSX VENTURE:OPW) owner of the adjoining Bazooka Gold Property.

  • Sunset Cove Mining Announces Increase in Share Offering and Option of Manganese Property 2016-06-28

    MONTREAL, QUEBEC--(Marketwired - June 28, 2016) - Sunset Cove Mining (TSX VENTURE:SSM) ("Sunset Cove" or the "Company") announces an increase in its private placement and a property acquisition.

  • Globex Acquires Significant Portion of Gold Localizing Cameron Shear 2016-04-06

    ROUYN-NORANDA, QUEBEC--(Marketwired - April 6, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired 100% interest in the Cameron Gold Property located in Desjardins, Franquet and Grevet Townships, Quebec (32F/07) approximately 27 km north-northeast of the town of Lebel-sur-Quevillon.

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