 |
|
 |
Patricia Mining Corp. (“Patricia”) is a Canadian
gold exploration and development Company with a 45% interest in the
producing
Island Gold Mine, located in the
Wawa area, 125 kilometres southeast of Hemlo, Ontario.
>
Two-Page Summary (PDF)
The Island Gold Project consists of 108 patented and
leased mineral claims and 197 staked claim units with an underground
mine and operating 650 tonne-per-day carbon-in-pulp mill.
In 2003, Patricia entered into an agreement with Richmont Mines Inc. (“Richmont
Mines”), whereby Richmont Mines earned a 55% undivided interest in the
Island Gold Project and brought the property into production. The 650
tonne-per-day carbon-in-pulp mill was successfully restarted in
September 2006 and the first gold was poured in November 2006. On
October 1, 2007 commercial production was declared.
Management’s strategy for growth is to work with Richmont Mines to
develop existing reserves at the Island Gold Mine and to successfully
discover additions to the known ore resources. The Company is seeking to
acquire additional advanced exploration gold projects that can be
profitably developed and has exploration ongoing on additional
exploration projects in the Wawa area.
|
|