Zara Obtains Claims for Pigeon River from Pele

Zara Resources Inc. (CNSX:ZRI) and Pele Mountain Resources (TSX:GEM) have announced the execution of an agreement in which Zara will purchase 100% of the Pigeon River claims from Pele for $700,000. Pigeon River has an unexplored magnetic target which may potentially host nickel and other mineralization.

As quoted in the press release:

Alan Aubut P.Geo, an independent geological consultant with expertise in nickel/copper/platinum exploration in the Mid Continent Rift stated “The Pigeon River property possess many similarities to a number of world class nickel districts around the world including the Thompson Nickel Belt in Canada, where there has been continuous production since the early 1960′s of high grade nickel.”

Click here to read the full Zara Resources Inc. (CNSX:ZRI) press release.