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Gulfside Minerals Ltd. (CVE:GSM), reports it has acquired an option to acquire three iron ore projects.
Gulfside Minerals Ltd. (TSXV:GSM), reports it has acquired an option to acquire three iron ore projects.
The press release is quoted as saying,
The second project comprises 172 claims located near Rannie Lake in Labrador, NL. The area is underlain by extensive iron formations being explored by other companies.
The terms of acquisition call for an initial payment of $115,000 and first year work requirements of $100,000, and subject to TSXV approval. There are additional payments and work commitments in the following years and a 2% NSR.