An option to earn a 25% interest in the Normetal gold property located northwest of La Sarre, Que., has been acquired by Orfinance Resources from Normetal Mining Exploration.
To earn its interest, Orfinance must spend a total of $4.5 million on exploration work: $2 million before July 1, 1988, and $2.5 million before March 1, 1989.
An affiliate Normetal Mining company, La Sarre Mining Exploration, owns a 25% interest in the property.
Normetal Mining says a joint- venture arrangement is planned for development of the property, with Normetal Mining acting as operator.
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