The junior miner's land position covers 79,000 hectares, spread out among four properties to the west, northwest and south of the city, along the Destor-Porcupine Fault Zone
, a prospective area for gold and base metals like silver and zinc.
and consists of a portfolio of properties spanning a 50 km distance along the Destor-Porcupine Fault Zone
, encompassing 16 non-contiguous properties including the Garrcon and Jonpol properties, 903 Zone, and Buffonta, and Golden Pike advanced exploration properties.
Included in the acquired Victory Gold assets is the Gold Pike Property, comprised of two unpatented mining claims and 24 leases extending over 1,150 acres along the Destor-Porcupine Fault Zone
. Greg Gibson, President and CEO of Northern Gold commented: We are pleased with the acquisition of Victory Gold as we continue to consolidate our landholdings within the Timmins Gold Camp.
Meanwhile, Lake Shore remained active on the acquisition front, buying the former producing Marlhill mine and surrounding exploration prospects from Goldcorp in late 2009, and the Fenn-Gib and Guibord Main prospects (60 km east of Timmins, on the highly significant Destor-Porcupine fault zone
) from Barrick Gold in August 2011.