A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns about 500 acres of land immediately adjoining the Cannon gold mine at Wenatchee, Wash.
Asamera Minerals (TSE), operator and 51% owner of the Cannon mine, was recently put back up for sale by its major shareholder, Gulf Canada Resources.
Grange believes this may attract new interest to the Lovitt properties.
In addition to its resource potential, Lovitt owns about 95 acres of producing orchards. The company reports an increase in price and volume of sales from the 1990 harvest currently in cold storage.
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