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Lysander Minerals Corporation and Eastfield Resources Ltd.: Jajay Property Lands Funding From Major.

Publication: Business Wire
Publication Date: 14-JUN-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
VANCOUVER, British Columbia -- Lysander Minerals Corporation (TSX VENTURE:LYM) ("Lysander") and Eastfield Resources Ltd. (TSX VENTURE:ETF) ("Eastfield") are pleased to announce that, together with they have signed an agreement with Teck Cominco Limited ("Teck Cominco") under which Teck Cominco can earn an interest in its Jajay copper/gold property in north-central British Columbia. The agreement is subject to regulatory approval. The minimum expenditure to earn an interest will be approximately $9,000,000.

Lysander and Eastfield believe the Jajay property has the potential to host a large copper/gold system, and they welcome the participation of one of Canada's most successful mining companies.

Teck Cominco will provide $1,500,000 under a convertible note to fund the 2005 exploration program. At the completion of the 2005 program Teck Cominco will have the option to spend a further $7,500,000 by...

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