All-North Resources (VSE) can earn up to a half interest in the Konrad property of International CanAlaska Resources (VSE), 35 km west of the Voisey Bay discovery in Labrador.
An initial 35% interest can be earned by paying $70,000, issuing 200,000 shares and spending $1.2 million on exploration over three years. Further cash payments totalling $1.2 million are required by the end of 1999. To earn an additional 15%, All-North must complete a bankable feasibility study.
Work to date has identified two distinct airborne anomalies and a gossanous zone anomalous in copper and zinc. A minimum 750-metre program will begin shortly.
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