Toronto-listed Teck intends to buy a 51% interest in a property near Timmins, Ont., from Band-Ore Resources (CDN).
To do so, it must spend $800,000 on exploration over the next four years and pay $105,000 cash.
The 41-unit property, situated in Bristol Twp., is underlain by the western extension of a series of highly sheared and altered, gold-bearing, porphyritic rocks found on Placer Dome’s (TSE) neighboring property.
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