Drilling results from a further four holes at the Polaris-Taku property in northern British Columbia indicate C-vein reserves will likely be increased. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE) by spending a total of $3 million.
The best results from the recent drilling returned a 17.4-ft. intersection grading 0.48 oz. gold per ton and a 15.1-ft. intersection grading 0.46 oz. gold.
Drill holes PC-91-C3 to C6 were targeted to intersect the C vein at depths of 550-950 ft.
The objective of this year drilling program is to expand existing preliminary reserves totalling 1.6 million tons grading 0.45 oz. gold.
Preliminary estimates indicate that the first six holes of the current drilling program have added about 275,000 tons grading 0.49 oz. gold to existing reserves.
Drilling has now moved the Y vein to test four subparallel veins along strike and downdip from a number of high-grade stopes at the former producer. Canarc Resources (VSE) is in the process of acquiring a 37% interest in Suntac through a number of transactions.
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