Noranda reports further results from Glimmer bet

Glimmer says that all assays were cut to one ounce. At Glimmer’s 132-claim Barnet Twp. property further to the east, Placer Dome (TSE) has signed an option to earn a 51% interest. Placer can earn its interest by spending $850,000 on exploration and paying $150,000 over a 3-year period. An additional 10% can be earned by spending a further $800,000 and paying Glimmer $200,000.

]]>