A joint-venture agreement with Globaltex Industries (VSE) gives Anglo Minerals (ASE) the right to earn a half interest in the Indin Lake gold property, 130 air miles northwest of Yellowknife, N.W.T.
To do so, Anglo must spend about $2 million over a two and a half years.
The project includes two shafts which extend to depths of 525 and 320 ft., as well as 3,000 ft. of underground, lateral development.
Historical work outlined 210,000 tons grading 0.48 oz. gold per ton.
An exploration program was being outlined at presstime.
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