Golden Range Resources, Melrose Resources and Ventex Energy have given Bruneau Mining the option to earn a 60% interest in 50 claims in Estrades Twp., part of northwestern Quebec’s Casa Berardi area.
The agreement provides for Bruneau to make cash payments totalling $150,000 plus expenditures of $1 million over four years.
Golden Range, Melrose and Ventex will share equally the 40% interest left to them should Bruneau exercise its option.
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