An agreement has been completed between Fleck Resources (VSE) and Consolidated Silver Standard Mines (VSE) which gives Fleck the option to earn a 65% interest in Silver Standard’s Smith property. Located 15 km southeast of Kemano, B.C., the Smith property covers a high grade gold showing.
Channel sampling has exposed a zone for 290 ft along strike which graded 0.92 oz gold per ton across an average width of 7.2 ft. Exploration work planned for this summer includes drilling, stripping and the construction of an access road to the site.
Fleck can earn its interest by spending $750,000 on exploration over a 3-year period and making property payments of $50,000 over a 2-year period.
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