Nucanolan Resources announces that the working option agreement with Echo Bay Mines regarding the Kenora mining division property has been terminated.
The agreement is dated Sept 13, 1985.
The property consists of 34 mining claims, 20 of which are under lease, located between the Nuinsco Resources Cameron Lake property to the west and the Nuinsco- controlled Monte Cristo group of properties to the east.
Nucanolan President C. W. Archibald says numerous gold showings have been reported on the property since the early 1900s. Recent programs have outlined several gold-bearing zones and, to date, many of these remain untested, he adds.
Nucanolan will continue to seek other opportunities to further develop this property, says Mr Archibald.
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