LAC boosts interest in Quebec property

LAC boosted its interest to 65% by paying $194,000 to joint venture partner Valmont Mining Exploration (ME), which retains a 35% interest.

The Eustis property, Valmont reports, consists of five former mines exploited for their copper, pyrite with a notable presence of zinc, lead, silver and gold.

Potential for the Eustis property remains high, the company says, pointing out only superficial surface areas were previously explored. The partners recently undertook a drilling program on the property.

In other business, Valmont will be changing its corporate name to Abior Exploration.

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