Toronto-based Exall Resources’ (TSE) wholly-owned Gold Eagle property in near Red Lake, Ont. has been earmarked for a 20,000-ft drill program, the Denison Mines (TSE) affiliate said recently.
The former gold/silver producer is adjacent to Inco Gold’s Cochenour-Wilanour ground where a $10 million underground program was recently announced.
According to Exall, the company’s mining consultant has advised it to test the deep Cochenour extension that dips south-westward onto the Gold Eagle property.
Drilling around the old mine workings, which were abandoned in 1941 due to low gold prices, has also been suggested. The program would attempt to prove up any additional reserves on this structure, Exall said.
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