Petrolympic Ltd

Detailed Description

Petrolympic Ltd., engages in the acquisition, exploration, and development of gold, petroleum, and natural gas properties in the United States and Canada. The company holds a 100% interest covering an area of 55,951 hectares in the St. Lawrence Lowlands shallow sandstones and carbonates platform on the south shore of the St. Lawrence River; 30% interest of the 216,933 hectares with Ressources et Energie Squatex in the Utica Fairway and the underlying Trenton-Black River carbonates; and 12% interest of the total land package 8,000 hectares through an Agreement with Canbriam Energy in the Utica Fairway and the underlying Trenton-Black River carbonates. It also holds 100% interest in the Mitis and the Matapedia properties covering an area of 41,014 hectares located in the Gaspé Peninsula region; and 30% interest in approximately 431,160 hectares in twenty four exploration permits located on the south shore of the St. Lawrence River between Rimouski and Riviere-du-Loup. In addition, the company holds interest in the Vauquelin gold property that consists of 31 contiguous claims covering an area of 1,784 hectares located in the east of the Val d´Or mining camp, Quebec; and the Evangelic Lake Gold property that consists of 24 mining claims covering 600 hectares located in southwest of Espanola, Ontario. Further, it has an agreement to acquire 100% interest in the Belcourt Gold property comprising 125 claims covering an area of 5,479 hectares situated near Val d'Or, Quebec; and the Rayon d'Or gold property that consists of two contiguous claims covering an area of 285.9 acres located in the east of the Val d´Or mining camp, Quebec. The company is headquartered in Toronto, Canada.