A joint-venture agreement has set the stage for three junior companies to explore a combined land package in Leclaire Twp., about 50 km northwest of Wawa, Ont.
Challenger Minerals (CGJ-V) has agreed to contribute its eight grid claims in the region to four adjoining grid claims held by Noront Resources (NOT-V) and Prospectors Alliance (PALL-C). Each of the juniors will then hold an equal interest in the 12-claim land package, dubbed the Rainbow Lake project.
Recent work on the properties has included geophysical surveys and soil sampling to outline targets along a sulphide-bearing iron formation.
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