VSM, Onitap deal

VSM can earn a 10% interest by spending $250,000 on exploration before June 30, 1990. Thereafter, the company will have the option to spend another $750,000 by Dec 31, 1991, to increase its interest to 50%. VSM will be the project operator.

A 7,000-ft drill program will test a stratigraphic unit which hosts a small 60,000-ton deposit grading 2.07% copper, 3.17% zinc and 0.73 oz silver per ton.

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