Virginia Mines (
TSX: T.VGQ,
Stock Forum) Tuesday announced the signing of a strategic alliance with
Altius Minerals (
TSX: T.ALS,
Stock Forum) to cooperate in exploring the Labrador Trough, this according to a company
news release.
Virginia and Altius will share their collective experience and databases, co-fund exploration programs, and jointly seek partners for any new projects that are created in the Labrador Trough.
A total budget of about $600,000 will be allocated to the 2013 campaign.