A letter of intent has been signed between Rhonda Mining (ASE) and Noranda Exploration whereby Rhonda may earn a 50% interest in a copper property in the Coppermine area of the Northwest Territories by spending $3 million on exploration work by April, 1995.
Rhonda says Noranda has outlined copper-silver-lead-zinc mineralization along several kilometres of strike length. Surface work is planned for June and July, with a drilling program planned for the autumn. Noranda is the project operator.
Rhonda was formed last December through the amalgamation of Courageous Explorations and American Chromium. Peter Gummer was recently appointed president of Rhonda. John Alston was appointed chairman.
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