03
Dec
14:17
NICKEL, COPPER: Midland Exploration options Tete Nord property to Rio Tinto
Quebec-based Midland Exploration says it has signed a new option agreement with Rio Tinto Exploration Canada for its wholly owned Tete Nord nickel-copper property, Kallanish reports.
Under the agreement, Rio Tinto can earn an initial 50% interest in the project at La Tuque, Quebec, over four years. It must spend CAD 4 million ($3.13m) on exploration, including CAD 500,000 in the first year, and must provide a cash payment of CAD 500,000 including CAD 100,000 withi…
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