Liberty Mines (Redstone Mine Site)
Northern Sun Mining Corp. is a public company which trades on the TSX stock exchange under the symbol NSC (TSX:NSC). Northern Sun (formerly Liberty Mines Ltd.) has historically focused on the exploration, development and production of nickel and related base metals from its assets in the Shaw Dome, a prospective nickel belt near Timmins, Ontario.
The Company owns and operates the only nickel concentrator in the area. Northern Sun’s key assets include:
The Company owns and operates the only nickel concentrator in the area. Northern Sun’s key assets include:
• A 100% interest in 12,000 ha property located in the Shaw Dome Nickel Belt, which is 25 km southeast of Timmins.
• The Redstone nickel mine and 1500 tpd Redstone Mill;
• The McWatters nickel mine;
• The Hart nickel project;
• A 100% interest in the 6,400 ha Groves nickel copper platinum group metals (“PGM”) project, which is located 20 km southeast of Gogama, Ontario (between Timmins and Sudbury).
• A 100% interest in the 6,200 ha McAra Lake-Ray cobalt nickel copper project, which is located about 120 km southeast of Timmins.
Northern Sun’s short-term objectives are focused on minimizing costs while maintaining nickel-assets in Timmins in care and maintenance. When nickel prices improve these projects may be reactivated.
In 2014, the Company intends to re-open the Redstone mill and offer toll milling services to a variety of active mineral deposits and projects in the Timmins Camp.
Over the longer term, the Company plans to increase its’ asset and resource base in the Timmins area. This will be accomplished through aggressive exploration in the region, joint venturing of advanced Resource projects, or through project acquisitions.
Northern Sun Mining Corp. has recently entered into a definitive agreement with QMX Gold Corporation for its first major project acquisition, the Snow Lake Mine in Manitoba. This transaction is expected to close towards the end on November.
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