An option to acquire a 51% interest in the Belleterre mine property in Guillet Twp., in northwestern Quebec, has been granted to Cogema Canada by Riverton Resources (VSE) for $2 million.
Riverton purchased 100% of the option rights for the property from Brosnor Exploration (ME). Riverton will retain the surface rights pertaining to the processing of the existing tailings deposits. The Belleterre gold mine was in production between 1936 and 1958.
Cogema will manage the initial exploration program, which will cost $1.25 million and which will consist of surface work and about 8,000 m of drilling. The work is expected to be under way by Aug
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