LaFosse Platinum acquires options (October 31, 1988)

La Fosse Platinum (TSE) has acquired an option on two properties in Quebec. The first was optioned from Kangeld Resources (VSE) which made a polymetallic d iscovery last summer.

The Kangeld ground hosts a copper-lead-zinc-silver showing and a copper-nickel-palladium prospect. These discoveries are located 20 km north of La Fosse’s polymetallic deposit located east of Schefferville, Que. La Fosse can earn a 50% interest in the property by spending $1.6 million on exploration before Oct 1, 1992.

Near Val d’Or, La Fosse has acquired an option to earn a 10% interest in the western sector of the Louvicourt concessions on which mining was performed between 1947-1949. Known as the Simkar project, the property is being explored by Ronrico Explorations (VSE) and Louvicourt Gold Mines (COATS). The La Fosse interest is in the western section of the property which protects the depth extension of structures being explored by Ronrico.

La Fosse can earn its interest in 2% increments for each $100,000 spent on exploration.


La Fosse Platinum (TSE) has acquired an option on two properties in Quebec. The first was optioned from Kangeld Resources (VSE) which made a polymetallic discovery last summer.

The Kangeld ground hosts a copper-lead-zinc-silver showing and a copper-nickel-palladium prospect. These discoveries are located 20 km north of La Fosse’s polymetallic deposit located east of Schefferville, Que. La Fosse can earn a 50% interest in the property by spending $1.6 million on exploration before Oct 1, 1992.

Near Val d’Or, La Fosse has acquired an option to earn a 10% interest in the western sector of the Louvicourt concessions on which mining was performed between 1947-49. Known as the Simkar project, the property is being explored by Ronrico Explorations (VSE) and Louivcourt Gold Mines (COATS). The La Fosse interest is in the western section of the property which protects the depth extension of structures being explored by Ronrico

La Fosse can earn its interest in 2% increments for each $100,000 spent on exploration.


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