MinVen acquires gold prospect

Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome mine in south- central British Columbia. Blackdome can earn a 100% interest in the property by making payments totalling $130,000 before March 31, 1993, and spending a total of $1.5 million by Dec. 31, 1993. A net smelter royalty is also payable to the vendors.

The company plans to spend $100,000 on the property this summer including trenching, surface mapping and sampling. The prospect contains a steeply dipping quartz vein about 3 ft. wide outcropping on surface for a strike length of 16 ft. Sampling in April by Blackdome returned an average gold grade of 2.75 oz. per ton.