Out to earn a stake in an Estrades Twp., Que., property, Bruneau Mining Corp. says it will immediately carry out a program of detailed geophysical surveys on the property.
A drill program based on results from this will be carried out before year-end, Bruneau says.
The company has an agreement with Golden Range Resources, Melrose Resources, and Ventex Energy, in which Bruneau can earn a 60% interest by spending $1 million on exploration, and making yearly staged payments aggregating $100,000, over a 4-year period.
The property is located in the northwestern part of Estrades Twp., about 1 miles southeast of the Teck/Golden Hope discovery area.
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