Royalstar expands ground position near Harp Lake

Royalstar Resources (VSE) has acquired 44,341 acres in the Harp Lake area of Labrador.

The eight claim blocks are underlain by nickel, copper and cobalt lake sediment anomalies. Several magnetic anomalies, similar to those observed at Voisey Bay, have also been detected.

Royalstar will proceed with airborne geophysical surveys, geological mapping, sampling and ground electromagnetic surveys.

As consideration, the company will pay the vendor $90,350 and issue an undisclosed number of shares.