Nov 16 (Reuters) - Sheffield Resources Ltd SFX.AX :
* Asx alert-sheffield forms fraser range joint venture with igo,igo-sfx.ax
* Igo may spend $5 million over 5 years to take its interest to 70%
* Jv allows sheffield to retain leverage to exploration success in fraser range
* Entered into a joint venture agreement with independence group nl Source text for Eikon: ID:nASX84BBy6 Further company coverage: SFX.AX