In the Finlayson Lake area of the Yukon, Consolidated Shoshoni Gold (CHJ-V) has acquired two new claim blocks.
The AU claims adjoin to the east the Ice property of Expatriate Resources (EXR-V), where a base metal deposit was discovered in 1996. The other claim block, known as IT, lies 25 km southeast of the Ice property. The new properties comprise more than 29,040 acres in total and are underlain by rocks of the Yukon Tanana assemblage, which also host the Ice deposit, Cominco’s (CLT-T) Kudz Ze Kayah deposit, Atna Resources’ (ATN-T) Wolverine deposit and Columbia Gold Mines’ (COB-V) Fyre Lake deposit.
Shoshoni paid a deposit of $5,000 for the claims and, once the Vancouver Stock Exchange approves the acquisition, will make additional payments totalling $125,000 and issue 100,000 treasury shares.
The company plans to explore the new properties, as well as its existing Finlayson Lake holdings, in 1997.
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