ARZ:CA announced that it has optioned up to a 65% interest in Everton Resources Inc.’s Wildcat property, located in the James Bay region, Quebec. The property comprises 411 mining claims. Terms of the agreement include: Aurizon can earn a 50% interest in the project by incurring expenditures of $3,250,000 and subscribing for a private placement of 1 million units of Everton. After earning its initial 50% interest in the project, Aurizon may then earn an additional interest of 15% by making cash payments of $300,000 and incurring $3 million expenditures.
Aurizon’s CEO David Hall said, “This agreement is consistent with our strategy of building a balanced portfolio of exploration properties, close to our technical base, in one of the premier mining jurisdictions in the world.”
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or Martin Bergeron,
Vice President, Operations,