Hemlock further explores Golden Quail property

A second phase of drilling is under way at the Golden Quail property in San Bernardino Cty., Calif.

Located about 12 miles west of Viceroy Resources’ Castle Mountain project, the property is under option to Golden Hemlock Explorations (VSE) which is earning a 50% interest from Golden Quail Resources (VSE) by funding US$1.5 million in exploration.

Diamond core drilling on the property last year indicated that previous reverse circulation drilling may have understated grades. The current program will further test this theory as well as step out to the south to test for additional reserves.

Previous estimates of reserves based on old reverse circulation drilling results put preliminary reserves at about 2.5 million tons grading 0.077 oz. gold per ton. Laurence Stephenson, president of Golden Hemlock, expects the grade to increase to the 0.12 oz.-per-ton range based on the core results to date.

Stephenson said the company has spent about US$500,000 on the property to date and estimated this year’s spending will total up to US$600,000. He added that the company plans to file a Statement of Material Facts shortly in order to raise about $750,000.