Argosy Minerals Inc. - 24-Nov-03

Argosy Minerals Inc. - 24-Nov-03

Has entered into an option agreement over a gold-rich vein system in Elko County, Nevada, U.S.A. The property is located within the southern boundary area of Humboldt National Forest, NE of Jerritt Canyon Gold Mine.  The option agreement provides for annual payments over 3.5 years totalling US$66,000 with an exercise price of US$1,250,OOO for 100% of the mining claims.

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