Mining Deal

An Arizona company conducting exploration activities in the Mine Centre area has reached a joint venture agreement for its properties.

Q-Gold Resources' deal with Upper Canyon Minerals allows that B.C. based firm to earn up to 49 per cent interest of two large prospective gold exploration tracts in northwestern Ontario in exchange for $1.2 million in cash, work and shares over the next three years.

The properties include 13-hundred acres near Mine Centre that includes two former Isabella and Golden Star gold mines that were active in the late 1890's.