Skip to content
About | Contact | Advertise | Manage Subscriptions
  1. Home
  2. Around the North

MPH Ventures, Skyharbour Resources equal partners in Red Lake

MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) has acquired a further 11 per cent interest of Skyharbour Resources Ltd.'s (TSX-V: SYH) Heyson gold property located in Red Lake, Northwestern Ontario.
Northern Ontario Business Staff

 MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) has acquired a further 11 per cent interest of Skyharbour Resources Ltd.'s (TSX-V: SYH)  Heyson gold property located in Red Lake, Northwestern Ontario.

Originally, MPH owned 39 per cent of the property but it has now grown to 50 per cent in exchange for 500,000 of its company shares to Skyharbour. The transaction will establish an equitable joint venture split on the property between the two exploration companies.

The 7,000 acres Heyson property lies in the southern portion of the central Red Lake gold belt, 5 km south of the operating Goldcorp Red Lake and Campbell gold mines.