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Follow on Google News | Aurizon to earn 60% interest in Opinaca property. Source: Iminesco.comAurizon Mines Ltd. has signed a letter of intent with Azimut Exploration Inc. and Everton Resources Inc., whereby Aurizon can acquire up to an undivided 60-per-cent ownership interest in the Opinaca property located in the James Bay area.
By: Editorial Staff Also News Release (C-AZM) Azimut Exploration Inc Also News Release (C-EVR) Everton Resources Inc Mr. David Hall of Aurizon reports AURIZON ACQUIRES OPTION ON AZIMUT AND EVERTON OPINACA PROPERTY Aurizon Mines Ltd. has signed a letter of intent with Azimut Exploration Inc. and Everton Resources Inc., whereby Aurizon can acquire up to an undivided 60-per-cent ownership interest in the Opinaca property located in the James Bay area, 350 kilometres north of Matagami, Que. The Opinaca property is owned by Azimut and Everton as to an undivided 50% interest each and comprises 649 mining claims, covering 33,849 hectares, and is located in the area of Goldcorp's Eleonore project. The key terms of the letter of intent are as follows: - Aurizon can earn a 50% interest in the project by making cash payments totalling $580,000 and incurring expenditures of $6,000,000 over four years, including 5,000 metres of drilling by the second anniversary. - Aurizon will be the operator during the earn-in period for the initial 50% interest in the project, after which a joint venture will be formed. # # # Iminesco brokers mining properties and claims available on the market. We have a portfolio of claims and buyers of claims which we update on an ongoing basis. Please call 1-888-234-7356 or visit www.iminesco.com for more information. End
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