Proceeds from the $300,000 placement will be used for further exploration work at the company’s Snowbird gold property at Fort St. James in British Columbia.
Meanwhile, the company reports soil geochemistry carried out over the newly discovered East zone area of the Snowbird prospect has returned high gold values over a wide- spread area.
Anomalous gold values have ranged from 100 ppb to 6,800 ppb in soils, with normal background for the area being in the 1-10 ppb range, the company reports. A surface trenching program is under way.
]]>
Be the first to comment on "X-Cal Res. arranges private placement"