Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE).
Under the terms of the agreement, Hemlo must make payments and expenditures of $1.1 million to earn a 51% interest in the property.
Northfield says an agreement allowing Hemlo to earn a 50% interest in the nearby Bear Lake claims in exchange for $2.25 million should be concluded by the end of August.
Be the first to comment on "Hemlo explores Northfield claims"