Placer to start work

Diamond drilling is set to begin on the Goldboro property of Orex Exploration (ME) in Guysborough Cty, N.S. Option and joint-venture agreements between Orex and Placer Dome (TSE) are conditional on the completion of due diligence investigations and other conditions, including Orex’s purchase of the 6% net smelter return interest held by the property’s original owners.