LAVAL, QC, June 9 /CNW/ - Stelmine Canada Ltd. ("Stelmine") (TSX:STH)
announce the conclusion of an agreement in which the company is acquiring 100%
interest in mining licence covering 34,000 hectares of land in the Gaspesia
The permit purchased is bordered by Petrolia Resources to the south,
Mundiregina Resources to the north near Les Mechins city. The property is in
close proximity to Gastem (25 km south) and Junex resources (30 km east) in
The province of Quebec represents a vast territory where minerals and
hydrocarbons potential are still largely underdeveloped. At this time Stelmine
has a diversified portfolio of exciting prospects in Opinaca area and along
the Destor Porcupine fault.
The management of the company expects to be able to start up working
programs shortly to explore the economic possibilities of the prospects.
The Company is earning its interest by paying $125,000.00 and issuing
500,000 shares of its share capital to a prospecting company.
Stelmine Canada Ltd is a junior mining exploration company newly listed
on the TSX Venture Exchange under the Symbol STH with 9,210,100 shares issued.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Mr. Michel Lemay, President and Chief Executive
Officer, (514) 866-6299