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By Shane Lasley
North of 60 Mining News 

Australian junior looks north to Alaska

Australian Mineral Fields agrees to spend $3 million to explore high-grade gold property near Tok; plans to apply Down Under model


Last updated 10/26/2008 at Noon

Australian Mineral Fields Ltd. has signed an agreement with Alaska-based Tushtena Resources Inc. that grants the Perth-based junior the right to acquire up to an 85 percent stake in the Tushtena gold project 20 miles west-southwest of Tok.

The Australian junior can earn 80 percent interest in the Tushtena project by spending $3 million within five years. The company also can increase its stake...

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