Significance of today's news:

From May 1 news:

Some of the new claim blocks have been staked adjacent to land held by Noront and KWG/Spider. Total land holdings in the James Bay lowlands, McFaulds Lake, 'Ring of Fire' now total 17,792 hectares.

From today's news:

Tribute Minerals and Goldeye Explorations Form McFaulds Resources Inc. for Exploration in the 'Ring and Fire'
MFR will be seeking financing by way of an equity private placement of between $6,000,000 and $12,000,000 for further exploration of the Property.

Looks to me like lots of money being spent....some of this perhaps right next door