The company spent $261,364 on the Bullion Pit property last year and is currently finalizing production arrangements with its joint venture partner for the upcoming field season.
Candol also drilled ten holes on the Lexington copper-gold property in southern British Columbia last year and plans to spend another $200,000 this year.
Exploration expenditures last year on the 20,000-acre Lill property near Pemberton, B.C., totalled $331,664. The Lill property is reported to host polymetallic sulphide mineralization with high- grade values in copper, lead, zinc, gold and silver. A $100,000 program is planned this year.
Candol says it is currently negotiating with Minnova Inc. (TSE) regarding the Straw Lake gold property near Fort Francis, Ont.
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