By spending US$500,000, Placer Dome (TSE) will earn a 70% interest in a 4,117-acre property jointly owned by Quote Resources (VSE) and Pelangio- Larder Mines (COATS), in Enterprise Twp., Wis. The three companies have signed a letter of intent for the deal and have agreed to enter into a formal agreement, subject to stock exchange acceptance and regulatory approval.
A geophysical survey completed in October, 1989, outlined seven high priority targets and 15 medium- to-low priority targets on the property.
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