Oban Mining Corporation

Oban Mining Corporation

December 18, 2015 17:12 ET

Oban Mining Terminates Option Agreement With Northstar on Miller Project

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2015) - Oban Mining Corporation (TSX:OBM) ("Oban") announces today that it has terminated the Option Agreement dated February 22, 2015 with Northstar Gold Corp. ("Northstar") to acquire up to a 70% interest in the Miller Gold Project just south of Kirkland Lake, Ontario (the "Option Agreement"). The Option Agreement will terminate upon 30 days' notice to Northstar.

About Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban owns a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec, and also holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area of Québec. The Company holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $70 million in cash, cash equivalents and marketable securities.

Contact Information

  • Oban Mining Corporation
    John Burzynski
    President & Chief Executive Officer
    (416) 363-8653