The current exploration program will test at least five separate gold- copper targets on the 11-square-mile property as part of a joint venture with Pacific Sentinel Gold (VSE) and Lectus Developments (VSE). Pacific Sentinel can earn a 70% interest in the property by spending $3 million on exploration over a 5-year period and making cash payments totalling $500,000.
During the summer, a program of geological mapping and trenching, as well as geophysical (IP) surveying, was completed on the property and resulted in the detection of five targets believed to be prospective for disseminated copper-gold mineralization.
The current drilling campaign is expected to reach completion by year-end, with a phase-two follow-up program scheduled to begin early in January, Reymont said.
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