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TomaGold acquiring Skyharbour Resources' stake in Baird property

TomaGold Corp. agreed to acquire Skyharbour Resources Ltd.'s interest in the Baird gold property in Ontario in exchange for 600,000 TomaGold shares.

According to a Sept. 29 release, TomaGold will own a 24.5% interest in the Baird property, with New Gold Inc. holding a 24.5% stake, and Goldcorp Inc. acting as operator and owning the remaining 51% interest.

The property is subject to a 2.0% net smelter return royalty.

Baird lies in the central Red Lake gold belt, 14 kilometers southwest of Goldcorp's Red Lake gold mine.