Ressources Appalaches becomes sole owner of Dufferin Mine in NS

RIMOUSKI, Que. – Quebec-based miner Ressources Appalaches (TSXV:APP) says it has made a final $1.5 million payment and has acquired 100 per cent control of the Dufferin Mine in Nova Scotia.

The full acquisition price for the gold project is about $4 million, the miner said Wednesday.

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The transaction includes the acquisition of the Dufferin Mine, which employs ramp-access mining, together with its processing plant, mining lease and equipment.

Since StrikePoint Gold (TSXV:SKP) decided not to make a final payment on a partnership agreement signed last year, the junior miner relinquished its option to acquire an interest in the Dufferin project, Ressources Appalaches said.

The company said it is developing a program to explore and develop the mine.

Ressources Appalaches explores and develops base and precious metal deposits in Quebec and Nova Scotia.