Thursday, February 04, 2016 12:48:25 PM
Canada Resources PLC holds an option to purchase a 1.5% Net Smelter Right (NSR) in the Nemegosenda Niobium property. The Nemegosenda property is located 20 km north east of Chapleau. Through extensive historic drilling and through recent test drills the Nemegosenda resource is seen as having the potential to become a significant niobium resource. The claims extend over 3,478 hectares (9,000 acres) in Chewett, Collins and McGee townships in the province of Ontario.
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