A reverse circulation drill program will test several gold targets on the Shadow Mountain property in California’s San Bernardino district, including an area where a 1938 hole is reported to have intersected 220 ft. of 0.11 oz. gold, followed by 146 ft. of 0.07 oz. gold.
The property was acquired earlier this year by Westpine Metals (VSE), which recently optioned the project to Pegasus Gold (TSE). The major can acquire up to 70% of the property in return for US$200,000 of expenditures and by agreeing to carry Westpine’s 30% share of exploration costs through to a production feasibility study.
Westpine said four target zones have been defined on the property which shows large areas of alteration similar to those associated with gold-bearing porphyry systems.
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