REMAC (REEVES / REDBIRD)
Archived

Ag
19.49
USD/oz
-0.01
red
Data as of Apr 16, 2014 08:00AM UTC
Pb
0.94
USD/lb
-1.40
red
Data as of Apr 14, 2014 12:00AM UTC
Zn
0.92
USD/lb
-0.23
red
Data as of Apr 14, 2014 12:00AM UTC


Key Facts
Status: Unknown
Type of Work: Surface
Location: British Columbia, Canada
                 25 km SE of TRAIL

Commodities: Silver, Lead, Zinc
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Latest Information
December 18, 2006
In order to realize the potential value of ReMac, and provide a structure to access financing for advancing the project without additional dilution to shareholders, Redhawk developed a plan to spin off the ReMac project into a separate company. It had entered into a definitive Arrangement Agreement with OMC Capital Corp whereby OMC would acquire the ReMac project from Redhawk in exchange for the issuance to Redhawk of 15,000,000 post consolidated common shares in its capital. ReMac Zinc Project, including its interest in the 164 mineral claims and the Reeves-MacDonald mining leases and surface rights, have been transferred by Redhawk to its wholly-owned subsidiary, ReMac Zinc Corp. (“RMZ”) in contemplation of the sale of RMZ to OMC.
August 29, 2006
The company announced that the ongoing scoping study on the property is expected to be completed by late September this year.
March 31, 2006
The area of mapping and sampling of the favorable stratigraphy was extended another five km to the west from the area drilled in 2004.

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