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Wallbridge to JV Detour East to Kirkland Lake

Wallbridge Mining has entered into a non-binding term sheet for a joint venture of its Detour East gold property in Quebec, Canada, with Kirkland Lake Gold, under which Kirkland can earn a 75% interest by spending C$35 million on the project.

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Detour East in Quebec, Canada

Under the term sheet, Wallbridge will grant Kirkland the option to acquire up to a 50% interest by funding phase one expenditures of $7.