New York-listed Phelps Dodge can earn a 51% interest in a suite of mining claims from Kookaburra Resources (VSE).
The claims are next to Kookaburra’s Longshot Ridge copper oxide project, near Hawthorne, Nev., and are believed to be prospective for copper and gold. To earn the interest, Phelps must spend US$1 million on the claims over five years.
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