Rupert and Glencairn shed 40% of Crocodile Tears

Partners Rupert Resources (VSE) and Glencairn Explorations (ASE) are vending a 40% interest in their Crocodile Tears property in northern Quebec to First Western Minerals (VSE).

First Western can earn the interest by spending $1 million on the property by the end of 1998.

Rupert and Glencairn will each retain a 30% interest.

The Crododile Tears property is hosted in ultramafic rocks and lies 10 km from Falconbridge’s Delta deposit (800,000 tonnes grading 3.05% nickel, 1.26% copper and 2.25 grams per tonne platinum group elements.)

First Western will carry out an airborne geophysical survey which will form the basis for further work.