An option to earn a 40% interest in Kerr Addison Mines’ Macho- Rouleau property in Urban and Barry twps. in northwestern Quebec has been acquired by Beaufield Resources.
Under the terms of the agreement, Beaufield must must spend $1 million on exploration work before Feb 28, 1989, to earn its 40% interest. The deal is subject to regulatory approval.
Kerr Addison will be the operator. Exploration work, involving a drilling campaign, is to begin immediately.
The Kerr Addison claim groups are contiguous to those being explored through a Beaufield- Falconbridge Ltd. joint venture.
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