An agreement with Golden Star Resources (TSE) gives Cambior (TSE) the right to earn a half interest in the Yaou-Dorlin gold project in French Guiana.
The project covers two prospects (Yaou and Dorlin) in the country’s southwest. The ground was acquired (subject to regulatory approval) by Golden Star subsidiary Guyanor Ressources S.A. for US$6.8 million.
Cambior must spend US$11 million by June 30, 1998, including US$4.5 million by Dec. 31, 1996. It expects to assign 30% of its interest to an affiliate, Cambiex Exploration (ME).
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