Findore Minerals has optioned five patented claims from Newfield Mines. Located in Garrison Twp., near Matheson, Ont., the claims can be acquired by Findore after the company makes payments of $250,000 over a 4-year period. Also, exploration expenditures must total $1 million.
A drill hole completed by Newfield in 1946 cut gold values across 130 ft of core. Included were several high grading samples such as 0.45 oz gold per ton across 6.6 ft and 0.27 oz in a 9.3-ft section.
The zone which was tested by the drill hole has a possible strike length of 2,300 ft, Findore says. A drill program is planned to begin as soon as possible, Findore reports.
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