Currie Rose Resources says Placer Development has started a 5-hole, 750-m drilling program on its 10,000-acre property at Laonil Lake in northern Saskatchewan.
Currie’s property surrounds the 600-acre Seebee property of Claude Resources, which Placer also has under option, where drilling has indicated 1,120,000 tons grading 0.53 oz gold per ton, uncut.
Four of the five exploration holes on the Currie Rose property will be drilled on the Boundary Vein which extends on to the Seebee property to the west. The fifth hole will test Dan’s Vein south of the Currie Rose Vein.
Selected sampling on the Currie Rose Vein in 1986 indicated values on surface up to 0.42 oz on the 10-m-wide shear zone.
Placer has also identified other targets on the property for future diamond drill evaluation.
Placer is in the second year of a 3-year option. The total option commitment is $1 million to earn a 60% interest. The third year calls for a minimum expenditure of $500,000.
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