Orcana to earn in on East Sullivan

The agglomerates contain two wide sulphide halo zones that consist of dissemination and stringers of sulphides carrying copper and silver val ues.

Orcana has obtained the right to option the claims by paying $15,000 cash and delivering 50,000 shares to the property vendors. Orcana has also agreed to spen d $50,000 on exploration prior to March 31, 1990.

In addition, the Toronto company can earn a 100% stake in the claims by putting up $135,000 in cash, delivering 150,000 common shares and spend ing $350,000 on the property before March 31, 1992.

The Orcana issue was trading recently at 17 cents in a 52-week range of 5 cents and 25 cents .

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