Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%.
In exchange for the interest, Belrose will be issued 500,000 shares of Eastern Stone. Belrose is currently bringing into production a granite quarry in Havelock, Ont.
Eastern Stone has also raised funds for bulk-sampling and test-milling at the Shoal Lake gold project, near Kenora, Ont., in which it is earning a 50% interest from Kenora Prospectors & Miners (CDN). The former is currently collaring a ramp and building a gravity separation mill.
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