Micham gets option from Mono]]

Micham Exploration has signed an agreement with Mono Gold Mines giving it the right to earn a 51% interest in Mono’s Bannockburn gold property by buying 350,000 Mono shares at 72 cents per share plus 350,000 warrants and completing $2 million of exploration on the property and providing a feasibility study on the property by the end of March 1989. Mono will receive its costs from 70% of production until paid back.