July 14 (Reuters) - GME Resources Ltd GME.AX :
* Says executed a binding term sheet for the purpose of entering into a joint venture agreement with zeta resources ltd
* GCNL will fund $1.5 million in exploration and development costs to earn 50 % interest in murrin murrin project within 24 months of date of agreement
* Source text for Eikon ID:nASX3ML2Y7
*