Uranerz options Lynx Lake property (September 04, 1995)

The Lynx Lake property of Leeward Capital (ASE), 45 km north of La Ronge, Sask., will be explored under an option agreement closed with Uranerz Exploration & Mining.

Drilling on the Lynx Lake property last winter, by Leeward and former optionee Canadian Mining Resources (now Axia Multimedia), intersected shear-zones with gold mineralization near the Contact Lake pluton. As operator of the Contact Lake gold mine 3 km to the north of Lynx Lake, Uranerz is interested in exploring structures analogous to the Contact Lake shear zone.

Uranerz can earn a 70% interest in the property by spending $80,000 on exploration by the end of 1995 and $500,000 by the end of 1998.