The claims are adjacent to the Caribbean Resources and Exmar Resources property on which a significant gold discovery has been made by Hemlo Gold Mines.
Geochemical soil sampling completed last year by Noranda Exploration on the Metina-optioned claims yielded values in gold and base metal sulphides, Metina says. The property also covers several faults similar to those hosting or associated with the Central Crude- Hemlo and Magnacon mine gold deposits in the same area.
An exploration program, consisting of prospecting, geophysical and geochemical surveying will begin immediately, Metina says. Central Crude has appointed Noranda Exploration operator of the program.
Metina and Manridge can earn their combined 49% interest by making cash payments of $12,000, issuing 100,000 shares each and spending $500,000 on exploration over a 4-year period.
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