Rusty Lake Resources (CDN) has an option to earn half of Minnova’s (TSE) interest in the Big Duck Lake gold property, near Schreiber, Ont. The 145-claim property covers several gold zones that are associated with quartz-feldspar porphyry bodies.
Under the agreement, Minnova will be operator and Rusty Lake must provide $1.5 million for exploration by Feb. 1, 1997 to earn its interest. Rusty Lake must obtain financing in order to meet its commitments.
Diamond drilling is planned to further evaluate the economic potential of the occurrences.
Be the first to comment on "Rusty Lake options Minnova property"