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Northern Sphere Mining, Trueclaim Exploration ink JV deal on Scadding gold property

Northern SphereMining Corp. said May 2 that it has earned an 80% stake in 's gold property in Ontarioafter entering a joint venture deal.

Under the terms, Northern Sphere has paid C$75,000 for the 80%stake and can now increase the interest to 90% by bringing the property to goldproduction.

The company can acquire the remaining 10% stake for C$2 million.

Currently, the parties are working on development plans for theproperty.