Prominex Resource Receives Approval to Explore Lake Bond Property

Prominex Resource Corp. (TSXV:PXR) reported that it has received approval from the Department of Mines in St. John’s, NL to explore the Lake Bond property.

As quoted in the press release:

The Company is earning a 100% interest in the Lake Bond property. In order to acquire the Option, the Company must expend $50,000 on exploration and development prior to September 30th, 2012. The property is subject to a net smelter return royalty of 2%, of which the Company can purchase 1% for $1,000,000.

Click here to read the Prominex Resource Corp. (TSXV:PXR) press release.