Rogi plans to use the proceeds for exploration work at the Lourmet property in Louvicourt Twp., near Val d’Or, Que., and in the area of the Aur/Louvem base-metal discovery. Rogi may earn a 45% interest in the Lourmet property by spending $600,000 on the project by Dec 31, 1991.
The company also plans to spend $42,500 at its White Lily gold property in northwestern Ontario, on stripping work and studies.
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