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NGEx Resources Inc. (TSE:NGQ) reports the commencement of the 2011 exploration program at the GJ copper-gold project.
NGEx Resources Inc. (TSX:NGQ) reports the commencement of the 2011 exploration program at the GJ copper-gold project.
The press release is quoted as saying:
This year’s exploration program is 100% funded by Teck Resources Limited (“Teck”) under an option agreement signed in August, 2010 whereby Teck has the right to earn an initial 51% interest by spending $12,000,000 by December 31, 2014 and up to a 75% interest by spending an aggregate of $44,000,000 by December 31, 2020.
Click here to access the entire press release
