Barrick options Mirandor property

An agreement has been reached between Mirandor Exploration (ME) and American Barrick Resources (TSE) whereby the latter may earn a 60% interest in the Halliwell property in the Rouyn- Noranda, Que., area.

To earn that interest, Barrick must spend $1 million on exploration work by Dec 31, 1990, and make cash payments totalling $235,000. The property, located about three miles west of the Silidor gold project, will be subject to a 2 % net smelter return.