The New Calumet headframe in 1962. Credit: National Archives of Quebec.
Sphinx Resources (TSVZ:SFX) is buying 100% interest in the former New Calumet zinc-lead-silver mine in the Pontiac district of Quebec, about 10 km northwest of Bryson. The property, consisting of 14 claims, is being purchased from a pair of prospectors for 7.5 million common shares of Sphinx and a 1% net smelter return, subject to a buyback option.
The purchase consolidates Sphinx’s claims in the district, bringing the total number of claims to 235 covering 13,537 hectares.
