Located near Timmins, Ont., the Redstone deposit hosts reserves of 453,000 tons grading 2.9% nickel per ton (N.M., Jan 16/89). The property is held under option by Timmins Nickel from BHP-Utah Mines.
Teeshin can earn its interest by spending $250,000 on exploration. The money will earn Teeshin a direct 1.78% interest in the property after Timmins earns its 51% stake. The latter company can earn its interest by spending $4 million on exploration and development this year.
]]>
Be the first to comment on "Teeshin stake in Redstone"