Soquem joins Nor. Abitibi, Vior in Douay venture

An agreement allowing Soquem to earn 50% of the rights of Societe d’Exploration Miniere Vior (ME) in the Douay property option of Northern Abitibi Mining (ASE) in Quebec’s Casa Berardi region has been signed by the three companies.

The agreement, Northern Abitibi says, permits Soquem to earn its interest by spending $550,000 on exploration work during a 3-year period. The option deal also calls for Soquem and Vior each to spend an additional $275,000 by May 31, 1997.

In a separate deal, Soquem has an option to earn a 50% interest in Northern Abitibi’s Highway 109 and Ruisseau properties in the Douay area by spending $300,000 during a 3-year period.

Soquem will act as operator of these exploration programs.