Strait Gold Corp. has signed a binding agreement with Teck Peru S.A., a subsidiary of Teck Resources, giving Teck Peru an option to earn up to a 75% interest in Strait’s Alicia copper-gold property in Peru by spending up to $30 million on exploration at Alicia or delivering a pre-feasibility study and making $500,000 in cash option payments. As a condition of entering into the agreement, Teck made a $600,000 equity investment into Strait Gold.