Soquem options Kingswood claims

Soquem, a Quebec government-owned exploration concern, has taken an option on Kingswood Explorations’ (ASE) 60-claim property in the Eastmain River area of northern Quebec.

In order to earn a 50% interest in the property, Soquem will pay Kingswood $10,000 in cash and contribute $140,000 to an exploration program. Linecutting and geophysics, to be followed by a 10-hole drill program, commenced in early December.