QUEBEC CITY, May 01, 2018 -- Iluka has been granted an option to earn an interest in the 69 mining claims comprising the Big Island Lake rutile project, 100%-owned by Vior, which covers 3,783 hectares situated 25 kilometers north of the town of Havre-St-Pierre, in the North Shore region of Quebec.
Vior market cap $5.3m already has an agreement with ILU to drill their Foothills prospect. ILU's last quarterly said: "Analysis of 2017 drilling results is underway and will be completed in the second quarter."
At an initial $200k spend, this second agreement is tiny and therefore has not been ASX reported. Good to see ILU out there kicking rocks.
Ash
ILU Price at posting:
$12.05 Sentiment: Buy Disclosure: Held
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