Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration.
Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spending $300,000.
Anglo will be trenching, washing and sampling three target areas identified by Noranda this summer.
The most promising one is the original Labbe showings which produced gold values up to 0.71 oz gold per ton across 0.5 m, according to Anglo.
Gold values of 0.1 oz across one metre has been obtained on another target, the West Point Showings.
Diamond drilling will be done pending results of trenching, according to Anglo. In other news, Anglo says its stripping and sampling program on a property in Leeson Twp., near Missanabie, Ont., 2 km north of the Renabie mine, has been completed. Assay results are not in yet, but diamond drilling is planned for this winter.
Anglo has picked up another 30 claims adjoining the original 19-claim group.
The company has about 1.9 million shares outstanding, trading this week at about 65 cents .
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