Rencore Resources Ltd. (formerly Kermode Exploration Ltd.) (Rencore or the Company), following its name change and new management direction resulting from the Annual General and Special Shareholders Meeting held on June 1, 2010, is pleased to announce its first mineral property acquisition. For staking costs and a finder's fee of 25,000 common shares, Rencore will acquired a 100% interest in 22 mineral claims (344 units) covering approximately 5544 hectares in the Parks Lake area of northern Ontario, south of Beardmore.
The new claims cover a strong copper-nickel-PGM target recently outlined by the Ontario Geological Survey from a high density lake sediment and water geochemical survey completed during 2006 and highlighted for further investigation in the Ontario Government's Recommendation for Exploration 2009-2010.
