A drill program operated by Noranda Exploration is expected to begin shortly on the Deception Lake polymetallic prospect north of La Ronge, Sask. The unit of Noranda (TSE) has an option to earn a 70% interest in the property from Pine Channel Gold (VSE) by making option and property payments and by spending $2.42 million over five years.
The drill program will test a conductor identified in an airborne survey early this year which has since been the subject of substantial surface and geophysical examination.
Northair Mines (TSE) optioned the property in 1989 and carried out a drill program to test lead-zinc- gold-silver targets, but it dropped the option after the program failed to return sufficiently encouraging results.
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