Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie Twp. claims in Quebec.
Royex can earn its interest by spending $1.6 million on exploration, an $150,000 in option payments over two years.
Consisting of 539 claims, the property covers part of the geological extension of the Detour gold mine as well as an extension of the structures hosting the Rambo Exploration gold discovery in Massicotte Twp.
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