11:26 AM EST - Silver Quest Resources Ltd. : announced the acquisition of the Slate Falls Gold Property, located in the Sioux Lookout District of northwestern Ontario. Under the terms of the agreement, the Company can acquire a 100-per-cent interest in the property from a private vendor, Jerrold Williamson, for cash payments totaling $100,000 ($15,000 upon signing) and the issuance of 500,000 shares (150,000 upon signing) over a three-year period. The property is comprised of three claims totaling 48 units (768 hectares) and is located 120 kilometres north of the community of Sioux Lookout and 30 kms southwest of the former producing Golden Patricia mine which produced 860,000 tons grading 19.9 grams per tonne of gold. Slate Falls First Nation Community, accessed by plane and winter road, is located five kms south of the property. Silver Quest Resources Ltd.
shares V.SQI are trading even at $0.13.
