Three exploration drill programs are being funded this summer by Vancouver-based Akiko-Lori Gold Resources (VSE) on separate prospects in northern Ontario and British Columbia. Drilling has already started on the company’s Catherine and Jewell gold prospects held under option from Gold Fields Canadian Mining, south of Kirkland Lake, Ont. Akiko has an option to earn a 50% interest in the claims by spending $1 million over three years.
Elsewhere in Ontario, a drill program is set to begin next month on the Springpole gold project where 50/50 partners Noranda (TSE) and Akiko-Lori have the right to earn a 70% interest from Gold Fields. Previous drilling at the Springpole property outlined preliminary reserves of at least 7.9 million tons grading 0.07 oz. gold per ton. Noranda is operator of that exploration program.
In British Columbia’s Eskay Creek area, Akiko has a one-third interest in the Lakewater property, situated adjacent to the 21 zone of Prime Resources (VSE). A drilling program is set to begin next month on the claims, where Akiko and partner Tymar Resources (VSE) have committed to spend $350,000 by Sept. 30.
At the company’s annual meeting, Michael Levinson, Akiko Levinson, Hiroshi Ogata, Alphonse Schmit and Albert Raponi were elected to the board of directors. The Vancouver junior has also appointed Paul Sorbara of Sorbara Geological Consulting as its vice- president in charge of mineral exploration.
Be the first to comment on "Akiko-Lori funding three drill programs"