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Friday, July 15, 2016 7:37:25 AM
http://www.resourceinvestor.com/2016/04/15/canadian-shield-could-host-next-gold-bonanza-discovery
"...Indeed Ontario saw much activity in 2016 as Tahoe Resources Inc. (TAHO:NYSE; THO:TSX) merged with Lake Shore Gold Corp. (LSG:TSX) for a foothold in West Timmins; Kirkland Lake Gold Inc. (KGI:TSX) acquired St Andrew Goldfields Ltd. (SAS:TSX) and its East Kirkland assets; Wesdome Gold Mines Ltd. (WDO:TSX) expanded its Moss Lake land package in northwestern Ontario; and, finally, BonTerra Resources Inc. (BTR:TSX.V, BONXF:OTCMKTS, 9BR1:FSE) is acquiring ground in the Kirkland Lake-Virginiatown area via an agreement with Kerr Mines Inc. (KER:TSX).
All this suggests that there remains excellent geological potential in Québec and Ontario. With distressed assets because of the lack of cash—good assets with no monies to advance—inside quality jurisdictions and with relative proximity to infrastructure, the M&A of certain issuers should keep on pace...."
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