Placer to drill on Colray’s N.W.T. claims

An exploration program including surface work and more than 9,000 ft of diamond drilling is planned for the 1987 field season on Colray Resources’ holdings in the Courageous Lake area in the Northwest Territories.

Placer Development will be carrying out the program under its 5-year option agreement with Colray. This is the third year in the agreement.

In the 1986 exploration program Placer discovered three zones in the Dec 1 and Dec 2 claim groups containing sulphide mineralization with associated gold values. Colray says the mineralization encountered in these zones is similar to that encountered in Giant Yellowknife’s Salmita mine, 18 miles south of the Dec 1 and Dec 2 claim groups.


Print


 

Republish this article

Be the first to comment on "Placer to drill on Colray’s N.W.T. claims"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close