Cominco has an option to earn a 60% interest in the property from Calnor Resources (VSE) by spending $1.7 million over four years.
The focus of the current 4,500-ft drill program is to test the recent concept of a high grade gold- bearing vein system. The drilling will test four partly-defined geophysical conductors that are believed related to previous drill intercepts that returned values as high as 0.961 oz gold over a core length of 19 ft.
Four holes totaling 1,800 ft have been completed to date and assay results are expected shortly.
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