Cameco, Troymin deal

Trimin Resources (TSE) and Cameco have acquired an option from Troymin Resources (ASE) to purchase a 51% interest in 15,000 acres of land along the Hanson Lake polymetallic trend in Saskatchewan. The claims are near Cameco and Trimin’s McIlvenna Bay zinc- copper-gold deposit which hosts 10.8 million tons grading 5.76% zinc and 0.95% copper.

The companies can earn their 51% interest by spending $1.5 million on exploration by May 31, 1993. A first-phase $300,000 exploration program is under way.


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