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fernhill corp (FERN) Snapshot

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06/13/14 - $0.02
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fernhill corp (FERN) Details

Fernhill Corporation engages in the mineral exploration business. It primarily explores for gold, silver, and copper ores. The company has a 100% working interest in the Montauban Property that consists of 13 contiguous claims located in the Province of Quebec, Canada. It also has an option to acquire a 100% interest in 1 mineral claim of the Silver Bell Mine Property containing 12 cell claims units covering an area of approximately 252.57 hectares, located in the south shore of Horne Lake in British Columbia, Canada. The company was formerly known as Global Gold Corporation and changed its name to Fernhill Corporation in January 2012. Fernhill Corporation was founded in 1997 and is based in Wilmington, Delaware.

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fernhill corp (FERN) Key Developments

Fernhill Corp. Acquires Silver Bell Mine Property

Fernhill Corporation announced that it has entered into an agreement to acquire a 100% interest in one mineral claim containing 12 cell claims units comprising a total of 252.57 hectares of the "Silver Bell Mine Property," located on the south shore of Horne Lake, approximately 15 kilometers northeast of Port Alberni, British Columbia. The Silver Bell Mine Property is underlain by Paleozoic rocks of the Sicker Group (Nitinat and McLaughlin Ridge/Myra Formations). The Myra Formation, in particular, is a known host of economic mineralization elsewhere on Vancouver Island. The geological environment found on the Silver Bell Property is consistent with an epithermal quartz vein style that is favorable for associated gold, silver and copper values. In order to complete the exercise of the Silver Bell Mine option to acquire a 100% interest in the property, Fernhill Corporation must incur additional exploration expenditures on the property by March 31, 2013.


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