Carolin options B.C. property to Dome Explor.

An agreement has been signed whereby Carolin Mines will option its gold property near Likely, B.C. to Dome Exploration. Under the agreement, Dome can earn a 60% interest in the prospect for an expenditure of $2 million by Aug 1, 1992. From that point on, expenditures will be shared on a 60/40 basis. The ground is located approximately six miles east of Dome’s Quesnel River property where the company is rumored to have made another significant gold discovery. At last report, Dome’s qr deposit contained some 1.1 million tons of reserves grading 0.2 oz gold.

Dome has been tight-lipped about the property which could change when its merger with Placer Development is completed. It’s possible that Placer’s Vancouver office will take over the project after the merger, the result being that more detailed information will be available.