Dateline yesterday, sometime 2015 - Toronto
Today, Sprott Ethical Extraction, wholly owned subsidiary of Sportt Resource Management, is pleased to announce it has acquired at liquidation auction of a package of exploration properties in the Timmins area once held and explored by Explor Resources. The major reason for this acquisition is to expand the land area adjacent to the Thunder Creek and Timmmins West mine complex which Sprott Ethical Extraction acquired last year in its stream conversion amalgamation of Lakeshore.
Plans are underway to extend a 1.2 kilometer haulage from the 1400 meter level to provide access to deeper levels on the former Explor Resources property where drilling had indicated gradually increasing vein swarm density with depth. To guide engineering design for the haulage and drill turnout locations, downhole geophysics will be conducted over the next 6 weeks for inclusion in modelling already underway based on the data and core archive acquired as part of the purchase.
