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Arbitrator confirmed MAS Gold's ownership of two properties in Saskatchewan

Vladimir Basov

Kitco News

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(Kitco News) - MAS Gold (TSX-V: MAS) announced Friday that it was universally successful in the binding arbitration with its former joint venture partner, Golden Band Resources.

According to the company's statement, in his ruling, the arbitrator agreed with all evidence made by MAS Gold and has confirmed that MAS Gold is the 100% owner of the Greywacke and Preview North properties, located in the La Ronge Gold Belt of Saskatchewan.

"This ruling is a very positive development for MAS Gold," stated Ron Netolitzky, Chairman of MAS Gold. "With this long running dispute now behind us, MAS Gold can much more easily move ahead in achieving its goal of creating an exciting gold producing company in the La Ronge gold belt area of Saskatchewan."

MAS Gold is a Canadian mineral exploration company focused on exploration projects in the prospective La Ronge Gold Belt of Saskatchewan. MAS Gold's holdings include the Greywacke North, North Lake and Point gold deposits and the historically defined Elizabeth Lake copper-gold volcanic-hosted massive sulphide deposit.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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