Zara Resources Inc, is a Toronto based newly formed minerals company that was spun off in December 2012 from Winston Resources Inc and is listed on the Canadian National Stock Exchange (CNSX) with a trading symbol of ZRI. Zara acquired from Winston Resources an option with Melkior Resources on the Riverbank property in the Ring of Fire in Ontario. In January 2013, Zara acquired a 100% interest in Riverbank from Melkior and then subsequently spun off the property to its shareholders by way of a distribution of 100% of the shares of Leo Resources In (CNSX:LEO).
In February 2013 agreed to acquire control of 100% of the Forge Lake Gold Project located 32 km northeast of Wawa, Ontario, for the sum of $583,010.Forge Lake is 14 km south of the Richmont Gold Mine and Mill, and Hudson River has previously conducted a surface sampling program, an airborne magnetic survey and two diamond drill programs. Seventeen holes were drilled in November 2011 and intersected 3.25g/t Au over 12.7 m. In April-June 2012 twelve holes were drilled designed to test for continuity of mineralization between the two main areas previously drilled, and intersected 7.07 g/t Au over 5.5 m. The exploration to date indicates that the gold-bearing quartz vein system is continuous and can contain high grade gold intersections, with a strike length of 650 m and a dip extent of 350 m.
The qualified person responsible for the disclosure of the scientific and technical information about the Company’s mineral projects is Alan Aubut P.Geo.