Drilling is scheduled to start this month by operator Bresea Resourc es and 50/50 joint venture partner Ayrex Resources on their 324-claim Casa Berardi property.
Located in Desmazures and Cavalier twps., the property was tested by overburden drilling which returned gold values over a strike distance of 2.5 miles.
Funding of this new program is to be provided by a flow-through partnership private placement issue of $350,000 previously filed by Bresea.
Bresea says that a second and third program for the west and east zones this year, similar to the central zone program, are currently under review and will start in conjunction with a $2-3 million joint venture flow-through issue.
At the end of the six month period ended June 30, Bresea posted a working capital of $50,915, compared to $97,494 at the end of the same period last year.
Ayrex posted a working capital of $51,383 at the end of the six month period ended June 30.
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