LABRADOR NEWS ROUNDUP — Noront picks up Voisey Bay ground

Two Vancouver-listed juniors, Noront Resources and Golden Trump Resources, have signed a joint-venture agreement covering six claim blocks north of the Voisey Bay area of Labrador.

Golden Trump can earn an undivided 50% interest in the 7,000-acre property by paying Noront $10,000 cash and issuing to Noront 100,000 Golden Trump shares.

Golden Trump will also finance an airborne geophysical survey, following which all exploration costs will be shared equally between the two partners.

Meanwhile, Noront has reached an agreement with Republic Goldfields (VSE) concerning an additional 80 claims north of the Voisey Bay discovery. Noront will acquire the 4,400-acre property for $8,000 and 100,000 Noront common shares. Republic will retain a 3% net smelter return royalty, subject to a 2% buyback for $2 million.

Print

Be the first to comment on "LABRADOR NEWS ROUNDUP — Noront picks up Voisey Bay ground"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close