Approximately 40 MT stations are planned across the Silver Hill mine and Byrd-Pilot Mountain project areas.
Under the terms of the agreement, First Mining will receive C$5m ($3.55m) in cash and 80 million common shares of Oronova, valued at C$0.25 per share.
With this acquisition, the total project area increases to 56,000ha.
The Bendor gold-tungsten project lies close to Talisker Resources’ Bralorne mine and Endurance Gold’s Reliance project.
The latest analytical data includes 21 mineralised intercepts from eight new drill-holes.
