Northern Star looks at Pioneer project

Gold miner Northern Star has struck a deal with fellow-listed Pioneer Resources to fast track exploration at the Acra gold project, in Western Australia. Under the agreement, Northern Star will pay Pioneer A$500 000 to acquire an initial 20% interest in the Acra project, and will hold the right to acquire an additional 55% interest in the project by sole funding A$3-million of exploration expenditure over a three-year period.