A recently signed joint venture agreement between Kookaburra Gold (VSE) and Asarco (NYSE) gives Asarco the option to earn a 70% interest in the Col property by spending a total of $10.35 million.
The property is in the Mount Milligan area of north-central British Columbia and contains a number of prospective copper-gold targets.
The primary target on the property is a large IP and geochemical anomaly found in 1989.
Kookaburra, which will act as operator during the 1991 season, plans to conduct additional mapping and sampling, as well as further IP and geochemical work before beginning a drilling program in August.
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