An option to explore two of Glen Auden Resources’ (CDN) properties in northwestern Quebec has been acquired by Inco (TSE).
One property consists of 24 claims in Casa Berardi Twp., while the other comprises 20 claims in Estrees Twp.
Previous work by Glen Auden on the former property outlined an induced-polarization anomaly 1-km long, as well as a series of electromagnetic conductors.
The two claim groups are south of a horizon interpreted to be the equivalent of the Agnico Eagle gold horizon. This horizon also occurs on a 142-claim property which Glen Auden holds under option from Hemlo Gold Mines (TSE). Inco can earn a 60% interest in the claims by paying Glen Auden $10,000 and spending $200,000 on exploration within three years. Inco has made a commitment to spend $50,000 this winter.
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