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Monday, June 28, 2010 11:02:54 AM
This is a booster today, nice!!!
NT Mining Corporation (PINKSHEETS: NTMG) (the Company) reports that it has signed a formal agreement with Mill Bay Ventures Inc. to acquire a 100% interest in mining tenures located on Valentine Mountain on the south coast of British Columbia, Canada.
The basic terms of the agreement include a 3-year option lease to own, and payment will be a combination of cash, equity, and work commitments over the 3-year term of the lease.
The Valentine Mountain property includes an existing portable mineral processing mill, which will be available and utilized for production testing purposes on all NT Mining's current and future projects. The mill will be on a seasonal basis and it will be transported to the Northwest Territories this summer for the anticipated reopening of production of the Company's Bullmoose Mine. NT Mining is also planning on commencing a drilling program for Valentine Mountain project this year subject to the availability of the necessary funding.
End.
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