A diamond drill program is expected to begin shortly on the Hank property owned by LAC Minerals (TSE) north of Eskay Creek in northwestern British Columbia. The 6,000-ft. program will be managed by Carmac Resources (VSE), a Vancouver-based junior which recently signed an option agreement with LAC to earn a 50% interest in the property by spending $4 million over five years.
Previous work by LAC on the property is reported to have identified numerous zones, although only two (the Upper and Lower) were ever drill tested. Results from the Lower zone were 29.9 ft. of 0.39 oz. gold and 3.86 oz. silver per ton, including 6.5 ft. of 1.93 oz. gold and 15.47 oz. silver, and 13.6 ft. of 0.35 oz. gold and 7.50 oz. silver.
Carmac intends to test the Lower zone at depth and along strike for continuity as the zone is open both along strike and at depth.
Carmac President Don McLeod noted that the property is only 10 miles west of Hwy. 37, and a rough tote road could be upgraded to provide year-round access.
Be the first to comment on "Carmac options LAC property"