Golden Terrace Resources Corp. (TSE) has entered into exploration agreements with CMP 1988 Resources Partnership and Co. Ltd. and CMP-II Resources Partnership and Co. Ltd. to spend $350,000 by June 30 and a further $150,000 by Feb 28, 1989, on in-fill drilling at the Richardson Lake and Bancroft Lake projects. The agreement is subject to regulatory approval.
Drilling is expected to commence immediately at Richardson Lake where potential option partners are currently completing site visits.
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