Vancouver-listed companies Noront Resources and Castle Rock Exploration have agreed to work together on several properties in the Voisey Bay area of Labrador.
Noront will grant Castle Rock the right to earn a half interest in 1,820 hectares on which the former currently holds an option. Castle Rock may earn its interest by paying Noront $25,000 and issuing the company 50,000 of its shares. Castle Rock has further agreed to complete a $50,000 exploration program.
Following acquisition by Castle Rock, the parties have agreed to enter into a 50-50 joint venture for the purpose of exploring and developing the claim group.
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