Matamec Explorations inc. (TSX VENTURE:MAT) reported that, during its last meeting, the board of directors decided to evaluate different options relative to its mineral assets, including the transfer of part of these assets to a wholly owned subsidiary company.
The press release is quoted as saying:
Matamec is actively exploring its Kipawa heavy rare-earth deposit on the Zeus property, situated in the Kipawa alcalic complex in Temiscamingue, and for gold deposits in the Timmins mining camp of Ontario where its two main targets are the Matheson JV property with Goldcorp Canada Ltd./Goldcorp Inc. and the Montclerg property.
