Mississauga, ON -- (SBWIRE) -- 11/11/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Carlisle Goldfields and AuRico Gold Partner on Lynn Lake Gold Camp Project.”
Companies mentioned in this article include Carlisle Goldfields Ltd. (TSX:CGJ) (OTCQX:CGJCF) and
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ).
Article Excerpt:
With uncertainty in metal prices, it has been a tough road in the past couple years for junior miners to find financing, meanwhile mergers and partnerships haven’t been easy to come by either. The struggles are widespread as noted this summer by Sacha Backes, a mining investment division senior investment officer at World Bank Group member International Finance Corp. Backes noted at the Africa Iron Ore conference that IPOs were down and delistings at record levels for small companies on the London Stock Exchange Aim market. Anyone that follows the Toronto Venture Exchange knows the fight for survival many developmental companies have been facing.
Toronto-based Carlisle Goldfields Ltd. (TSX:CGJ) (OTCQX:CGJCF) has 35,304 hectares in the Lynn Lake greenstone belt in Manitoba, which includes the past producing MacLellan Mine. MacLellan was in production for three years (1986-1989), reporting production of nearly one million tonnes grading 5.36 g/t gold as an underground mine. Carlisle has NI 43-101 compliant mineral resource estimates on five deposits within its Lynn Lake Gold Camp, four of which form the basis for the December, 2013 Preliminary Economic Assessment (PEA): Farley Lake Mine Deposit, MacLellan Mine Deposit, Burnt Timber Mine Deposit, and Linkwood Deposit.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/462/carlisle-goldfields-and-aurico-gold-partner-on-lynn-lake-gold-camp-project.htm
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