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Cross Lake Minerals Ltd.: QR Gold Property Optioned.

Publication: Business Wire
Publication Date: 10-JUL-02
Format: Online - approximately 759 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

Cross Lake Minerals Ltd. ("the Company") (TSX:CRN) is pleased to announce that, subject to all necessary approvals and execution of a formal agreement, a letter of intent has been signed with Kinross Gold Corporation ("Kinross") whereby the Company has acquired an option to purchase a 100% interest in the QR Gold Property (the "Property"), located 58 kilometres southeast of Quesnel, BC. The Company's recently optioned Cariboo Property (see the Company's news release #02-03 dated May 15, 2002) is located adjacent to the east of the QR Property.

The Property includes the shutdown QR Mine which operated from May 1995 until April 1998 when mining was suspended and the property placed on...

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