An agreement has been reached between Argentex Resources and Lenora Explorations whereby Argentex can earn a 49% interest in Lenora’s 5-claim property in Black Twp., in the district of Timiskaming, Ont.
To earn the interest, Argentex must spend $75,000 on exploration by the end of February next year, a further $150,000 by the end of February, of 1989, and another $250,000 by end of February, 1990.
Argentex says it also has an agreement to earn a 51% interest in 68 mining claims in Burrows Twp., Ont., and must spend $1 million on exploration over the next three years on the property.
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