Mabel Ventures Inc. Stock Analysis MBL.CN

Mabel Ventures, Inc. engages in the exploration, development, and mining of resource properties in North America. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2003-10-07. The Company’s Bonanza Gold Property is located in the east central part of the Abitibi sub-province, south of the Urban-Barry greenstone belt, in the Barry Complex. The company is situated approximately 25 kilometers (km) south of Osisko Mining Inc.’s Windfall Deposit, and 15 km to 20 km south of Bonterra Resource Inc.’s Barry Property and Gladiator deposit. Mineral tenure consists of about 92 map-designated claims, covering 5,212 hectares. The firm is targeting three different deposit styles on Bonanza: Archean lode-gold systems, Banded-iron formation gold and Polymetallic volcanogenic massive sulfide (VMS) mineralization. The company has also entered into a definitive purchase agreement to acquire an approximately 65% interest in the Red Cliff Property, as well as a 100% interest in the Premier East Property. The Red Cliff Property consists of a series of crown grants located in the Skeena Mining Division in the Province of British Columbia.