News in brief (March 04, 1991)

Lyon Lake Mines (ME) has signed a deal with Canaco Mining (ME) to earn a 50% interest in the latter company’s Benoit Twp. property in northern Quebec. The 34-claim property is immediately north of the Lac Pusticamica gold discovery of Freewest Resources (TSE). Lyon Lake can earn its interest by making option payments totalling $25,000 and spending $400,000 on exploration over a 4-year period.

Inlet Resources (VSE) says it is negotiating to acquire a 70-claim property adjoining the Lac Pusticamica gold discovery of Freewest Resources (TSE) in Benoit Twp., Que. Terms of the acquisition will be reported upon successful completion of the deal.