An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration.
The option, acquired from C. Salmis and Associates Inc., is for a 5-year period and for a consideration of $95,000. Normetal may ma ke payments in cash or shares. The company is planning this year to test geological and geophysical targets on the claims, which are subject to a 3% net smelter return.
In other news, Normetal reports it will undertake exploration worth $150,000 on the Bassignac property in Destor Twp. The program will include linecutting, geophysical surveys and drilling.
Normetal reports it will finance the Bassignac exploration work with the proceeds of a finance agreement with Freewest Resources (1987) and Co., Ltd. Partnership.
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