Drilling on the Huckleberry property near Kemano, B.C., recently resumed; 22 holes totalling 10,000 ft. are planned.
New Canamin Resources (VSE) is earning a 100% interest in the property from Kennecott by completing a total of $1.5 million in exploration. Kennecott has the option of retaining a 60% interest in the project at the time of a production decision by paying New Canamin 150% of its costs above the $1.5 million earn-in.
The current drilling program is designed to further define a core of higher-grade copper mineralization within an estimated 85.6-million-ton porphyry deposit grading 0.4% copper.
The drilling includes five HQ diameter holes for metallurgical sampling purposes.
On completion of the drilling, the company plans to release a reserve estimate and mine plan in preparation for a pre-feasibility study. New Canamin also plans to file a “pre-application prospectus” with the provincial government to facilitate the start of the mine review process.
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