After completing a 2-hole, 400-metre diamond drill program on the Deception Lake property this summer, a unit of Noranda (TSE) decided not to proceed with the formal option agreement with Pine Channel Gold (VSE). Noranda could earn a 70% interest in the Saskatchewan property by funding $2.42 million in expenditures.
Results of the drilling were not released but Pine Channel expects to receive Noranda’s report on the program shortly.
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