A letter of intent to option two placer gold properties (the Squaw Creek and O’Donnell) from Menora Resources (ME) has been signed by COATS-listed Black Cliff Mines.
The Squaw Creek property consists of three placer claims in the Yukon and three claims in the Atlin mining district of British Columbia. The O’Donnell property comprises 22 claims and is located 15 miles north of Atlin, B.C.
Black Cliff may earn a 50% interest in the properties by spending $310,000 on exploration work over three years. The agreement is subject to regulatory approval.
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