Vancouver-listed Tako Resources can earn a half interest in the Malartic Twp. gold property in northwestern Quebec.
The property, which is owned by JAG Mines (ME), covers an 11,000-ft. strike length of the structure that hosts the Bousquet mine of Lac Minerals and the Dumagami mine of Agnico-Eagle Mines (TSE).
Tako can earn the interest by paying (in cash or shares) $125,000 and spending $1.5 million on exploration by Sept. 1, 1996. It can earn an additionsl 10% interest by paying JAG an additional $1 million. JAG plans to carry out a 3,000-metre drill program to test for extensions of five mineralized lenses.
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