The property hosts a poorly exposed gabbro with a strike length of 9 km, as defined by ground magnetics.
According to the terms of the agreement, Aurora can earn a 100% interest in the property by issuing $100,000 worth of shares over a 3-year period, together with cash payments totalling $104,500. The deal is subject to a 2% net smelter return royalty, 1.5% of which can be bought back for $1.5 million.
This winter, Aurora intends to perform an electromagnetic program over the length of the gabbro.
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