A joint venture agreement has been signed between Andaurex Resources (VSE) and High Frontier Resources, a private company. High Frontier has the right to earn a 50% interest in Andaurex’s gold property in the Beardmore, Ont., area by spending $400,000 on exploration.
Work completed by Andaurex has identified a strongly altered gold mineralized zone which yielded assays up to one ounce gold per ton across 10 ft in trenches. A drill program, expected to start shortly, will test the zone across its length.
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