Homestake Mining (HM-N) can earn a minimum 75% interest in several gold properties in western Poland controlled by FX Energy, an oil and gas firm based in Salt Lake City, Utah.
Homestake will spend US$1.1 million on reconnaissance exploration over the next two years. The region has been subjected to little modern mineral exploration.
The company says it is also interested in exploring near the Chelopech gold deposit in Bulgaria.
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