A follow-up diamond drill program is scheduled to start this month on X-Cal Resources’ Snowbird gold property in central B.C. The 5,400-ft drill program was prompted by encouraging results derived from drilling completed in December, 1986. That work yielded several high grade sections with visible gold.
X-Cal also plans to conduct geophysical surveys and overburden drilling at the same time. This work will examine other zones parallel to the discovery zone. The overburden drilling program is warranted as a result of showings of coarse placer gold in the southern section of the property, X-Cal says.
Exploration work planned for this year will be funded by cash raised from flow-through share financings, already negotiated by the company.
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