- Published: Wednesday, 19 March 2014 20:51
- Written by E&MJ News
Yorbeau Resources reported in late January that Gold Fields Sudbury Exploration Corp., a wholly owned subsidiary of Gold Fields Ltd., has initiated the 2014 exploration program at Yorbeau’s Rouyn property 4 km south of Rouyn-Noranda, Quebec. The 2014 program is being undertaken pursuant to an option and joint-venture agreement and represents the balance of a $4 million exploration commitment made by Gold Fields to be spent during the first 18 months of the agreement. Gold Fields is required to spend $19 million on exploration over a 4.5-year period to earn a 51% joint-venture interest in the project.