Minnova (TSE) can earn a 60% interest in two base metal properties of Continental Pacific Resources (VSE), near Coronation Gulf, N.W.T.
The properties, in the Anialik-High Lake greenstone belts, surround the High Lake massive sulphide deposit of Aber Resources (TSE) and Kennecott Canada.
To earn its interest, Minnova must spend $5 million on exploration and development and pay Continental $400,000 over three years.
Continental will also fund exploration on other properties it holds in the area.
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