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TSX:NWI
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50:50 joint venture with Argonaut Gold Inc. (“Argonaut”) located
by road 8km NW of Chibougamau
CBay’s interest obtained in 2011 receivership: Argonaut acquired
via Prodigy Gold Inc. acquisition in December, 2012
Argonaut is operator of joint venture and is assessing future
exploration program after visiting property in 2013
Former gold producer – mined 244,000 tons @ 0.143 opt in early
‘80s
Over $4.4 million spent previously: discovered new KOD zone
with estimated 317,000 tons @ 0.19 opt gold (non NI 43-101
compliant – internal memo – May, 1988)
CBay Production Potential: Gwillim