Baden/Keld’Or

The first phase of a reverse circulation drill program has been completed by Baden Explorations and joint venture partner Keld’Or Resources. The work was completed on their gold property near Carefree, Ariz.

The program’s objective is to increase drill-indicated reserves of 400,000 tons grading 0.06 oz gold per ton. These reserves were previously outlined by Amselco, the minerals exploration arm of B.P in the U.S. Pending the receipt of positive drill results, the joint venture plans to proceed to the feasibility stage.

Keld’Or’s president is Walter Cullen, who is also president of Roddy Resources, a successful heap leach mine operator in Arizona. Baden holds a 24.5% interest in the project.