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Secova Metals further expands Eagle River landholding in Quebec

Secova Metals Corp. is acquiring privately held 1106541 B.C. Ltd., which owns a sole asset called Osisterra in Quebec's Windfall Lake district.

The Osisterra project comprises 30 claims or 1,694 contiguous hectares and is adjacent to Secova's Eagle River gold project. It brings the company's total contiguous land position at Eagle River to 21,472 hectares.

Under an arms-length transaction, the company will issue 10 million shares by way of a share exchange agreement, according to a June 6 release.

Secova's Chairman and CEO Brad Kitchen said management feels that the acquisition will be the company's last in this region before exploration starts on the Eagle River properties shortly.

The company has sufficient capital to accommodate its budget for a drill program at the Duvay/Chenier gold project, also in Quebec, as well as its phase one exploration program at Eagle River.