Prospective joint venture partners are being welcomed by Columbia Gold Mines (VSE) to tour the company’s Spectrum gold project in northwestern British Columbia, and the Tillicum Mountain gold project in the southern portion of the province.
With results from 55 drill holes, the Spectrum property is reported to host preliminary reserves of 653,000 tons grading 0.33 oz. gold per ton. A work program to include drilling will begin later this month directed at increasing reserves and testing several new targets.
Columbia President John Brock said a number of senior mining companies will be assessing the Tillicum project this summer for its bulk-tonnage potential. This project is reported to host preliminary reserves of 1.3 million tons grading 0.17 oz. gold per ton, with the higher-grade reserve standing at 535,00 tons grading 0.37 oz. gold. The property has been explored by 111 drill holes and underground exploration, and is considered to have potential to increase reserves.
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