	galveston to aquire mine property interests galveston resources ltd said it agreed in principle for an option to earn up to a pct interest from hemlo gold mines inc in certain mining properties known as the interlake property subject to regulatory approvals galveston said it will earn up to a pct interest by spending a minimum of one mln dlrs in exploration and development work by december it expects work will commence shortly and continue during the exploration season galveston also said it granted hemlo gold options to uire up to two mln galveston shares it said the options can be exercised at dlrs a share up to december then at dlrs a share until december and then at dlrs a share until december separately galveston said it agreed in principle with noranda inc unit noranda explorations ltd for an option to earn up to a pct interest in a major mineral property located at the baie verte peninsula newfoundland galveston can earn a pct interest by spending six mln dlrs in exploration and development work on the property by december the company also said it granted noranda an option to purchase two mln galveston shares the options can be exercised at dlrs a share until december then at dlrs a share until december and then at dlrs a share until december reuter 
