Daren looks toward industrial minerals

The acquisition of three properties will see Daren Resources (VSE) shift its focus to industrial minerals.

Daren will acquire the properties for costs incurred, with vendor Crystal Capital retaining a 10% net profits interest.

The most advanced of the properties is the Hanson Lake silica project in Saskatchewan, where more than $1 million has been spent on exploration and metallurgical testing ($20,000 by Crystal and the remainder by prior owner Waskana Energy).

Winter drilling is planned, as is a market study for the silica product.

The other two properties include Giscome Rapids (kaolin) and Similkameen (K-feldspar), near Prince George and Princeton, B.C., respectively.