Shaft sinking proceeding at Tundra deposit

Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared early in April.

Getty, which has a 49% interest in the Tundra property, was taken over earlier this year by Total Resources (Canada), an affiliate of a French company. Noranda (TSE) holds the remaining 51% and is operator.

Some 77 truckloads of material, enough to complete the planned 1988 work program, was hauled into the site over a winter road earlier this year.

While some work on the 1987 drill program is still being completed, another 24,000 ft of surface drilling on geophysical anomalies detected outside of the main zone is planned for 1988.