Placer options Dellaterra claims

A draft formal option and joint venture agreement was received by Dellaterra Resources (VSE) from major company, Placer Dome (TSE).

Under the terms of the agreement, Placer will pay Dellaterra $50,000 and spend a total of $150,000 in exploration on the Lake property near Placer Dome’s Mount Milligan gold-copper project, north of Fort St. James, B.C. The balance of the $150,000 in option payments will be made in two payments, and the balance of the $750,000 in exploration will be incurred over three years.