Oct 12 (Reuters) - Minquest Ltd MNQ.AX :
* Update on proposal to acquire the Wolverine Zinc Mine
* Minquest's bid for wolverine zinc mine has lapsed, however Minquest will
continue to monitor Yukon Zinc CCAA process
* Minquest's offer to purchase assets of wolverine zinc mine selected as
back-up bid in the event that CCAA process for Yukon zinc did not complete
* Minquest will continue to monitor the Yukon zinc CCAA process
* Government of Yukon territory reviewing amount of environmental reclamation
bond attached to Wolverine Mine
* Minquest believes that for viable, long term mining operations to be
sustained using the existing infrastructure at wolverine is required
* Source text for Eikon ID:nASX4Zvb8w