A detailed drilling campaign is planned by Orex Exploration (ME) for the Goldboro property in Nova Scotia; Orex is earning a 50% interest in the project from Onitap Resources (TSE).
Probable and possible reserves were recently updated to about 5.6 million tons averaging 0.19 oz gold per ton from eight of 12 mineralized belts defined on the property.
Orex reports it has filed a request with the Atlantic Canada Opportunities Agency to pay 75% of the cost of a $6,900 feasibility study planned for 1989.
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