Recommended is a $12.4 million 2-phase exploration program, designed to establish a minimum 75,000 oz and a $223,500 surface program which woul d evaluate the alluvial deposit’s placer potential.
However, Lyon Lake is planning to wait for higher gold price and more favorable market conditions before undertaking any additional explorati on at the 50%-own ed Mosquito project
Shares of Lyon Lake were trading recently at around 55 cents in a 52-week range of 90 cents and 23 cents .
]]>
Be the first to comment on "Exploration on hold at Lyon Lake project"