The company (formerly Comox Resources) had the option to earn its interest in the properties, in the Senneville-Lac Blouin-Bourlamaque area adjacent to the Belmoral Mines property, by spending $330,000 on exploration work and making cash payments totalling $20,000 to Golden Rule Resources (TSE) and Northern Abitibi Mining (ASE) by the end of last year.
Golden Rule and Northern Abitibi are now 50/50 owners of the properties.
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