Thompson-Lundmark gives up interest

Consolidated Thompson-Lundmark Gold Mines has given a 50% interest in its former producing gold property to Ardic Exploration and Development; a private company. Ardic earned its interest in the property after spending $678,000 on exploration. The property is located 35 miles northeast of Yellowknife, N.W.T.

Ardic, which is the project operator, plans to perform a $400,000 exploration program this year. Work will focus on the Kim vein which hosts reserves of 72,000 tons grading 0.2 oz gold per ton.