LATIN AMERICA SPECIAL — Northgate options Chilean property

The Chilean subsidiary of Northgate Exploration (TSE) will allow a Chilean company to explore the sulphide zones of the Choquelimpie gold property.

Quilacoyan S.A. can earn a 50% interest in the property by spending US$2 million on development and by paying Northgate’s subsidiary US$200,000. The program will include sinking a shaft and driving exploration drifts to determine the economic viability of the zones, which have not been drilled from surface.