No Headline (February 19, 1996)

Hemlo picks up Red Lake option

Shane Resources (VSE) has dealt an option on its Ball Twp. gold property, 30 km west of Red Lake, Ont., to Hemlo Gold Mines (TSE).

To earn a 60% interest, Hemlo will pay $60,000 and spend $300,000 by December 1999. To date, $750,000 has been spent exploring the 8.6-sq.-km property.

.A

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