With a letter of intent to earn a half interest in the Montana Mountain property near Carcross, Y.T., Amcorp Industries (VSE) expects to begin a minimum 5-hole drilling program shortly.
Amcorp can earn the interest from Feather Gold Resources (VSE) by spending $500,000 over five years.
Early this year, trenching by Feather Gold encountered gold values on the Ridge zone where several veins are believed to be the western extension of the nearby Arctic Big Thing mine.
The trenching returned values averaging 0.34-1.29 oz. gold and 4.63-16.06 oz. silver over widths of up to five feet.
Be the first to comment on "Amcorp options bet"