TORONTO, Nov. 29 /PRNewswire-FirstCall/ -- Gold Corp. increases its stake in company that owns property adjacent to Equitable Mining Corp. (EQBM.PK) in Red Lake, Ontario. Gold Corp. purchased 10% of Wolfden Resources (TSX: WLF) for $3.60 CDN a share, for a total of $21.6 million CDN (or $18.5 million USD), in part due to its drilling activity on the Bonanza-Follansbee project which is directly adjacent to the properties owned by Equitable Mining Corp. "We are pleased that a top mining company such as Gold Corp. is interested in the area," said Jim Adams, Director of Equitable Mining Corp. "It supports our contention that our properties have potential." Resourceinvestor.com reported on November 28 that "Even with gold zooming toward $500 per ounce, a select group of miners still trade at attractive discounts to the overall sector - and remain ripe picks for long-term investors". Recently the company announced its purchase of the "Bonanza Property" located in the prolific Red Lake mining camp in northwestern Ontario; over 25 million ounces of gold have been produced from the Red Lake district since mining commenced in 1930. The property is located in Dome Township, 1 to 3 km north of the Town of Red Lake. The property consists of twelve unpatented claims and 2 patented claims (KRL 11325 and KRL 11442), with a total area of approximately 355 hectares. They are adjacent to properties owned by Equitable Mining Corp. and that have been identified containing significant gold mineralization. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. DATASOURCE: Equitable Mining Corp. CONTACT: Equitable Mining Corp., Jim Adams, (416) 410-3995,

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