Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interest by spending $2 million on exploration over a 3-year period.
A diamond drill program, which will be completed by Feb 28, 1989, will test for the downdip extension of the main zones which were mined in the 1970s. At that time, 440,117 tons of rock grading 0.1 oz gold per ton was mined by Pamour Inc. (TSE).
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