Cordex Exploration has signed an agreement with Cathedral Gold (CAT-T) to option the 75 North gold property in the Battle Mountain trend of Nevada.
Cordex can earn a 65% interest in the 2,100-acre property by spending US$550,000 on exploration and paying Cathedral US$85,000 over four years.
Cordex expects to begin drilling on the property in the near future and must spend US$100,000 in the first year.
The 75 North property adjoins the Goldbar property, owned by Atlas (AZ-N).
Preliminary work at the 75 North has identified two areas of gold mineralization where grab samples ran more than 0.1 oz. gold per ton.
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