Barkhor joins BayWest in Yukon gold venture

A joint venture agreement with BayWest Capital Equities has given Barkhor Resources the right to earn a 50% interest in BayWest’s 164-claim Ross River-Faro gold prospect located near Faro in the Yukon.

Barkhor must spend $500,000 on exploration and development work before Dec 31, 1989, and will issue 50,000 shares to BayWest to earn the 50%.

Under a previous agreement between BayWest and Prime Capital Corp, the latter will receive a 3% net smelter royalty and will manage the exploration program. An aerial survey will be conducted this month.