Darnley Bay Completes Property Payment to the Inuvialuit Regional Corporation | NWT News | Scoop.it

TORONTO, ONTARIO--(Marketwired - April 10, 2013) - Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay") has made a payment of $440,896, comprised of expenses, administrative fees and interest owing with respect to a previous drill program, to the Inuvialuit Regional Corporation. The payment brings the mineral concession agreement entered into between Darnley Bay and Inuvialuit Regional Corporation in 2009 into good standing. The final payment represents part of more than $3.8 million paid to the Inuvialuit Regional Corporation since 1995. Management intends, subject to financing, to initiate a drill program on the gravity anomaly on the property in 2013.