Barrick, HSK option

American Barrick Resources has optioned the Muskasenda Lake gold property from HSK Minerals. The 231-claim property is located 26 miles south of Timmins, Ont.

Barrick can earn a 50% interest by spending $1 million on exploration by March 31, 1991, and making cash payments to hsk of $250,000. A $50,000 payment has been made. Last year, hsk made a gold discovery on the property.

Several encouraging drill intersections were received from a strongly altered 80-ft-wide shear zone striking for 3,000 ft across the property. Gold is associated with disseminated sulphide mineralization ranging from 5%-15%. The best hole cut a 17-ft section grading 0.156 oz gold per ton.


Print


 

Republish this article

Be the first to comment on "Barrick, HSK option"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close