East West Options Ox Copper-Nickel Property to Gee-Ten Ventures Inc., Norton-McFaulds Lake Area
East West Resource Corporation announces that its 618 claim unit Ox property, located 60km east of the Norton nickel-copper-PGE-Co deposit, has been optioned to Gee-Ten Ventures Inc., whereby Gee-Ten may earn a 50% interest by making an initial $150,000 payment, issuing 200,000 shares and spending $3.0 million over 3 years.
The initial $250,000 program will start immediately with the flying of a VTEM-Magnetic survey. Six strong EM conductors have been identified by a previous MKVI Input EM survey associated with magnetic bodies interpreted to be gabbro-pyroxenite, similar in setting to the Norton deposit (see East West’s website for details, www.eastwestres.com).
