Placer options Cat North claims

A recent formal agreement allows Placer Dome (TSE) to earn up to a 70% interest in the Cat North claims owned by Lysander Gold (VSE) north of Prince George, B.C.

The claims are adjacent to the BP Canada/Lysander Cat joint venture claims, and are in the same geological region that hosts Placer Dome’s Mt. Milligan gold-copper deposit.

Placer can earn up to a 70% interest in the Cat North claims through staged option payments totalling $525,000 plus $2.8 million of exploration expenditures.