Dragon Gem funds N.W.T. works

A private placement of 2 million special warrants at 60 cents each will provide Dragon Gem (VSE) with exploration funds to map the Cole Lake and Island Lake gold and base metal prospects in the Northwest Territories.

Dragon Gem is acquiring a half interest in both properties under separate agreements with Avalon Ventures (VSE) and Starcore Resources (VSE).

The properties are next to Fortune Mineral’s Nico and GMD properties, where trenching has returned good grade copper-cobalt-bismuth-gold values over widths of up to 130 metres.

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