Brunswick options PGE property

PGE Resources (ASE) has optioned its Devil’s Pike gold property in the Annidale area of New Brunswick to Brunswick Mining and Smelting (TSE).

Under the agreement, Brunswick has 45 days to examine the property and conduct an extensive trenching program. At the end of the 45 days, Brunswick has the option to earn a 51% interest in the property by making $250,000 in payments and spending $1 million on exploration over the life of the agreement.

Previous channel sampling on Devil’s Pike by PGE returned values up to 5.64 oz. gold per ton over 6.5 ft.