Thursday, 1st July 2004 (2563 views)

Vancouver miner North American Gold has announced a new joint venture gold exploration deal in Finland.

The firm has joined forces with Minmet to develop and define gold projects in the country under a property option and joint venture agreement.

Buck Morrow, president of North American Gold told Business Centre: "This strategic association is a continuation of our excellent relationship with Minmet and is a natural extension of our existing operations in Sweden.

"Like Sweden, Finland is a mining-friendly country with high mineral potential and a favourable political and social climate. We are mobilizing field crews immediately with a goal of identifying drill targets by this fall."

The new deal will see Minmet providing eight properties and other assets, whilst North American will give one property and the first €100,000 of exploration spending.

A joint venture between the two companies is already in place at the Barsele project in northern Sweden.

 

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