Voisey Bay Res. in Indonesia

Voisey Bay Resources (VSE) will buy a 24.5% interest in four Indonesian gold properties held by Minorca Resources (ME).

As consideration, it will pay US$2 million and 500,000 of its shares.

Three of the properties are on the island of Kalimantan, while the fourth is on North Sumatra. They comprise 466,000 hectares in total.

Contracts of work are in place, and Minorca intends to begin geochemical and geophysical programs in April.