Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 exploration programs.
Kennecott recently dropped an option to earn a 51% interest in Arbor-Wealth’s Galena Giant property in Idaho and Montana. The exploration target was a bulk-tonnage base metal deposit similar to the Sullivan mine at Kimberley, B.C.
Kennecott’s 1992 drilling did not intersect any massive sulphides. A private company dropped its option on the Wealth-Arbor Bonanza gold zone in the Klondike gold camp of the Yukon. Exploration on this prospect during 1992 failed to encounter any significant gold mineralization.
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