Type Public Industry Mining Website www.lexamvggold.com Founded 2011 | Traded as TSX: LEX Key people Rob McEwen, Chairman Headquarters Toronto, Canada | |
Stock price LEX (TSE) CA$ 0.24 -0.01 (-3.92%)16 Mar, 12:41 PM GMT-4 - Disclaimer Subsidiaries Lexam Explorations USA, Inc, Lexam Uranium Inc, Lexam Explorations Corporation of America Inc. | ||
Over 2 2 million ounces of gold lexam vg gold
Lexam VG Gold Inc. is a North American gold exploration company formed by the merger of Lexam Explorations Inc. and VG Gold Corp. Principal prospects are in Canada, notably near the Dome Mine in northern Ontario near Timmins.
Contents
About Lexam VG Gold
Lexam VG Gold explores for gold in the Timmins area of northern Ontario, Canada. Formed in 2011 by the merger of Lexam Explorations Inc. and VG Gold Corp., it resulted in an exploration company that is 27% owned by Chairman Rob McEwen. Lexam VG Gold carries out exploration programs designed to build the resource base, with the objective of identifying economic deposits on its property assets. The most developed projects are Buffalo Ankerite (100% interest), Fuller (100% interest), Paymaster (60% interest) and Davidson Tisdale (100% interest).
The Company's properties hold some of the historic mines of the Porcupine Gold Rush, while the "Big Three" ( Dome Mine, Hollinger Mines, McIntyre Mines ) surround them within a distance of a few kilometers. Lexam VG Gold is listed on the Toronto Stock Exchange (TSX: LEX), on OTCQX (LEXVF) and on the Frankfurt Stock Exchange (VN3A).
Management
Robert R. McEwen is Non-Executive Chairman, Andrew Iaboni is Chief Financial Officer, Ken Guy is Exploration Manager of Lexam VG Gold.
History
Below are referenced the participating companies in the January 1, 2011 merger that formed Lexam VG Gold.
Lexam Explorations Inc. spun out of Goldcorp on November 12, 1993. The company developed gas and oil projects and brought a strong treasury to the merger. Robert R. McEwen was Chairman and Chief Executive Officer of the company.
VG Gold Corp. was founded as Nordev Resources Limited in March 24, 1972. The company brought the Timmins gold projects to the merger. Thomas W. Meredith was President and Chief Executive Officer of the company.