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Kinross Gold backs polymetallic play

Kinross Gold (TSX: K) is set to take a 9.7% stake in junior Wolfden Resources Corp (TSXV: WLF) to help advance the zinc-rich Pickett Mountain VMS deposit in Maine.

Kinross Gold backs polymetallic play Kinross Gold backs polymetallic play Kinross Gold backs polymetallic play Kinross Gold backs polymetallic play Kinross Gold backs polymetallic play

Gold miner will help advance zinc-rich Pickett Mountain VMS project

Under a C$2.5 million (US$1.9 million) subscription agreement announced yesterday, Kinross will acquire 12.5 million shares in Wolfden at C20c each.

Wolfden released an indicated 2.