Homestake looks at Hughes Lang bet

Hughes Lang (VSE) has signed a letter of intent which clears the way for Homestake Canada to option the Pickle Pat property near Pickle Lake, Ont.

By spending $800,000 and making cash payments totalling $45,000 over four years, Homestake can earn a 70% stake in the gold property. Homestake is currently completing a due diligence examination of the Pickle Pat bet.

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