A $300,000 exploration program is under way on Canadian-United Minerals’ Firewood polymetallic prospect located 10 miles north of Granisle in central British Columbia.
Work will include 5,000 ft of diamond drilling, geophysical, magnetometer and vlf surveys. Earlier work has yielded chip samples averaging 10 oz silver per ton over an outcrop exposure of 30 ft. Float samples which led to the discovery had values of silver, zinc, copper and small amounts of gold.
Drill targets are located in a well defined magnetic anomaly which measures 246×656 ft. This zone lies within a much broader, highly conductive ip anomaly up to 820 ft wide and 2,625 ft long.
Financing for the work was arranged through a flow-through private placement with Sandhurst Mining NL, an Australian company which acquired a 19.9% interest in Canadian-United Minerals in December.
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