Under an agreement-in-principle with Noranda (TSE), Major General Resources (VSE) has been granted the option to earn a 50% interest in six properties in northwestern Ontario.
The properties, accessible by road, lie in specified areas along two separate volcanic belts. Previous drilling on two of the claim groups intersected 9.5 metres grading 1.44% copper and 7.34% zinc and 5.7 metres grading 3.01% copper and 0.2% zinc respectively.
The agreement, subject to VSE approval, calls for Major General to spend $3.6 million over five years to earn its interest, including $600,000 in 1993.
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