Two properties in northwestern Quebec have been optioned to Inco (TSE) by a pair of related companies. An agreement with Aunore Resources (ME) will allow Inco to earn a 100% interest in 16 claims in Beauchastel and Duprat twps. by making cash payments of $82,000 over four years. Aunore will retain a 1% net smelter royalty on any future production.
A deal with Aunore subsidiary Aunorex Exploration will give Inco a 70% interest in 261 claims in Hebecourt Twp. through exploration expenditures totalling $1 million. Inco is also obliged to make cash payments of $100,000 over four years.
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