Wesdome Gold Mines and Windarra Minerals announce that they have: (a) completed the sale to Wesdome of Windarra’s interest, being approximately 22.72%, in the patented claims/leases referred to as the Magnacon Property; and (b) entered into an exploration and option agreement pursuant to which Wesdome has the exclusive right to conduct exploration within and the option to earn up to a 60% undivided working interest in certain mining claims owned by Windarra and referred to as the Pukaskwa Claims. The terms of the Magnacon Acquisition and the Pukaskwa Option were announced by the parties on May 11, 2009.
Wesdome Gold Mines Ltd. and Windarra Minerals Ltd. are pleased to announce that they have executed a letter of intent pursuant to which Wesdome intends, provided certain conditions are met, to acquire from Windarra and Windarra intends to sell or grant to Wesdome: (a) Windarra’s interest, being approximately 22.72%, in the patented claims/leases referred to as the Magnacon Property and (b) an option to earn-in up to a 60% undivided working interest in certain mining claims owned by Windarra and referred to as the Pukaskwa Claims.
Wesdome Gold Mines Ltd. and Windarra Minerals Ltd. announced that they have executed a letter of intent pursuant to which Wesdome intends to acquire Windarra’s interest, being approximately 22.72%, in the patented claims/leases referred to as the Magnacon Property and an option to earn-in up to a 60% undivided working interest in certain mining claims owned by Windarra and referred to as the Pukaskwa Claims.
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