NEWS ROUNDUP — Cambior options Lac Dor property

Cambior (CBJ-T) has acquired an option to buy a 40% interest in the Lac Dor vanadium property from privately held McKenzie Bay Resources.

Cambior must spend $4 million on a bankable feasibility study on the property, 25 km southeast of Chibougamau, Que., by June 30, 2001.

Under a previous agreement, provincially owned Soquem has an option to acquire a 20% interest in the project. If both options are exercised, the companies would form a joint venture with Cambior as operator.

McKenzie Bay Resources is based in London, Ont.