Northisle Copper and Gold has signed a joint-venture agreement with Freeport-
McMoRan Mineral Properties Canada in relation to Northisle’s Pemberton Hills property on Vancouver Island, British Columbia. Under the terms of the agreement, Freeport may earn up to a 65% interest in the property by funding a total of C$24 million in exploration expenditures, including an initial 49% interest by paying C$50,000 cash to Northisle and funding a total of C$4 million in exploration expenditures over three years.
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