The GraveYard Shift

[JD400]

LEXam News



Courtesy JW good Stuff Man Thanks


A pieces to the LEX Puzzle.

MUX M&A Action near Red Lake Coming ?

Something to think about. MERGING MUX LEX and another ? West Red Lake ?

Feb 2, 2017 - West Red Lake Gold Mines Inc (CSE: RLG / OTCQB: RLGMF / FWB: HYK) - Initiating Coverage - JV with Goldcorp in the Red Lake Gold District

Highlighting jus a few Paragraphs.

" Meredith was the CEO of Lexam VG Gold (TSX: LEX). Robert McEwen is the Chairman of Lexam. Lexam’s predecessor was VG Gold, a company focused on gold projects in Timmins, Ontario, and run by Tom Meredith. VG Gold attracted a strategic investment from Rob McEwen’s Lexam Exploration in 2009. The two companies subsequently merged and formed Lexam VG Gold.
Ken Guy, the Exploration Manager of Lexam, started working with RLG in 2014. John Kontak, who was the President of Victory Gold Mines, joined RLG in 2014. Victory Gold was also focused on Timmins, and was acquired by Northern Gold Mining Inc. (now Osisko Mining / TSX: OSK) in 2013. We believe the new team’s background in M&A and Ontario based gold projects is a key advantage of company.


Note Abitibi has ties with OSK, and remember Glenn Mullins of Golden Valley, his literal backyard is the Canadian Malartic, OSK, Playground and owns 50% of Abitibi (Ian Ball and it's Royalties )
Add in Tom Meredith' Background. Robv

Pure Gold - RM holds 10.4 % Near Red Lake too.


Plus lots of M & A Action in this Area near Red Lake also, Robs old Fishing Hole.


Perhaps old Friends get together and do a little M&A. ROB, GLENN, TOM, GUY....


Plus Ian (Abitibi) / Glenn doing a little Royalty Deal on the New M&A Company to help money wise.


Rob just making a Double on his GQC 10.3 % holding. Probably has some capital now, looking for a place to use it...............


Who knows MUX M&A Action could come from this Area.


"Tom Meredith, Executive Chairman
Mr. Meredith has 30 years experience in the junior mining industry. Previously he was the President & CEO of Lexam VG Gold from 1995 to 2011 where he led the development of four gold projects in Timmins, Ontario. During the early 1990's he served as the Vice President of Operations for Northfield Minerals where he was responsible for initiating production at the Cheminis Gold Mine near Kirkland Lake, Ontario."

"In October 2012, Tom Meredith was appointed as the Chairman of the Board of Directors. Mr. Meredith was the CEO of Lexam VG Gold (TSX: LEX). Robert McEwen is the Chairman of Lexam. Lexam’s predecessor was VG Gold, a company focused on gold projects in Timmins, Ontario, and run by Tom Meredith. VG Gold attracted a strategic investment from Rob McEwen’s Lexam Exploration in 2009. The two companies subsequently merged and formed Lexam VG Gold."


Ken Guy, the Exploration Manager of Lexam, started working with RLG in 2014. John Kontak, who was the President of Victory Gold Mines, joined RLG in 2014. Victory Gold was also focused on Timmins, and was acquired by Northern Gold Mining Inc. (now Osisko Mining / TSX: OSK) in 2013. We believe the new team’s background in M&A and Ontario based gold projects is a key advantage of company."

"Another gold project that is worth mentioning in the region is the Madsen gold project, owned by Pure Gold Mining Inc. (TSXV: PGM). Madsen, which hosts three past producing mines, holds a very high grade gold deposit with an indicated resource of 928 koz (8.93 gpt) and an inferred resource of 297 koz (11.74 gpt), using a cut-off grade of 5 gpt. Historic production from the project was 2.5 Moz at an average grade of 9.9 gpt. The project has a 550 tpd mill. Madsen is approximately 12 km from RLG’s projects. A 2016 preliminary economic assessment (“PEA”) indicated an average annual production of 58 koz, and an after-tax Net Present Value (“NPV”) at 5%, of $76 million at a gold price of US$1,175 / oz. Although the indicated and inferred resources total 1.23 Moz, the PEA used 0.26 Moz as only mineral resources above 600 m depth were considered."

West Red Lake Gold
Tom Meredith, Executive ChairmanMr. Meredith has 30 years experience in the junior mining industry. Previously he was the President & CEO of Lexam VG Gold from 1995 to 2011 where he led the development of four gold projects in Timmins, Ontario. During the early 1990's he served as the Vice President of Operations for Northfield Minerals where he was responsible for initiating production at the Cheminis Gold Mine near Kirkland Lake, Ontario.





John Kontak, President, Director and acting CFOMr. Kontak was previously the President of Victory Gold Mines from 2010 to 2013 where he managed the publicly listed company and the exploration and development of its former producing Gold Pike Mine until the company was acquired following a takeover offer made by Northern Gold Mining. From 2007 to 2010 he was the President of a junior exploration and development company Batavia Energy until the company sold its resource assets pursuant to a proposed acquisition by CBM Asia Development Corp. Mr. Kontak has also been a director of several junior resource companies with projects both in Canada and internationally. He has an MBA from Suffolk University in Boston and a LL.B. from Dalhousie Law School.





Ken Guy, Exploration ManagerMr. Guy, P.Geo. and a Qualified Person according to NI 43-101, has over 25 years of experience in exploration and development projects in Northern Ontario. Previous to West Red Lake Gold Mines, Mr. Guy was associated with Lexam VG Gold, Cyprus Amax, BP Selco, and Getty Metals.






In one of my Previous Posts July 21st 2016.

Along those same lines as my last post on GZZ, I watched a Video by Ian on YouTube on July 5th that is included in this Article on Abitibi publish today. Ian Highlights a number or aspects about RZZ.


FINANCE VIDEO: Abitibi Royalties Inc (CVE:RZZ) To Become the 'Best Gold Company' July 21, 2016. Video Time 32 Minutes in which Ian discusses Yamana, OSK (his royalties Baby) , and the Malartic and covers some of RZZ too.

BTW : Rob helped Ian / Glenn with the Legal Capital on Fighting Yamana and OSK to gain the Royalties In the huge mine there.


From one of my Previous Posts:

Lexam VG Gold Inc. Acquires Shares of Uranium Valley Mines Ltd. ( owned by GZZ )

TORONTO, ONTARIO--(Marketwire - July 19, 2011) - Lexam VG Gold Inc. ("Lexam VG"), (TSX:LEX)(OTCQX:LEXVF)(FRANKFURT:VN3A)is pleased to announce that Lexam VG has acquired an aggregate of 4,000,000 common shares (the "Shares") in the capital of Uranium Valley Mines Ltd. ("Uranium"), or approximately 36% of Uranium's issued and outstanding common shares. Uranium was listed on the TSX-V (VZZ) following a restructuring by Golden Valley Mines Ltd. to spin-out its assets into three new publicly listed entities by way of a statutory plan of arrangement.

The Shares were issued to Lexam VG by Uranium at an average per Share price of $0.30 as consideration for the transfer by Lexam VG to Uranium of certain uranium property interests and $300,000 cash. Lexam VG remains determined to focus its business and operations on precious metals exploration in Timmins, all with the view to maximizing shareholder value.

The Shares were issued to Lexam VG by Uranium when Uranium was a "private issuer" as defined in National Instrument 45-106 –Prospectus and Registration Exemptions and, accordingly, Uranium and Lexam VG relied on section 2.4(2) of National Instrument 45-106 as the exemption from securities legislation on issuance of the Shares. The 4,000,000 Shares owned by Lexam VG will be subject to a Form 5D Value Security Escrow Agreement dated May 12, 2011, among Lexam VG, Uranium, Golden Valley Mines Ltd. and Computershare Investor Services Inc. as Escrow Agent, pursuant to the policies of the TSX Venture Exchange

http://www.siliconinvestor.com/readmsg.aspx?msgid=30978767