NEWS ROUNDUP — Loubel options Messeguay play

A Quebec-based junior has acquired from Messeguay Mines (ME) an option to earn a half interest in the Verneuil gold property near Quevillon, Que.

Loubel Exploration (ME) may earn its interest by spending $150,000 on exploration by March 31, 1994, pay $5,000 cash and issue 75,000 shares to Messeguay. Geophysical work and drilling are planned for this autumn.

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