Exploration work is scheduled to start immediately on Citadel Gold Mines, Wawa, Ont., gold property, reports vice-president W. Bernard MacIsaac.
The program will include the dewatering of the underground workings, gathering a metallurgical sample and confirming the present ore reserves of 2.6 million tons grading 0.19 oz gold per ton. Surface exploration of the company’s holdings in the immediate area will also be conducted.
This program follows the conclusion of an agreement with Deductible Opportunities Fund 1986 Mineral Ltd Partnership. Citadel has agreed to undertake $800,000 in exploration expenditures on the Wawa property in consideration for the issuance of Citadel flow- through shares.
Citadel is jointly controlled by Canhorn Mining Corp. and Prairie Pacific Energy Corp.
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