An option agreement allows Charlim Explorations (VSE) to earn a half interest in Wrightbar Mines’ (ME) gold property in northwestern Quebec.
Charlim must spend $500,000 during each of the next four years and pay $50,000 cash to earn its interest. The agreement has yet to be approved by regulators.
Charlim is arranging a $750,000 flow-through financing. It plans to spend $500,000 on the Wrightbar property, in Bourlamaque Twp., and has earmarked more than $100,000 for its Lac Moblan lithium property.
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