Flint Rock offering

A $106,000 flow-through offering consisting of 353,333 common shares at 30 cents per share has been completed by Flint Rock Mines (VSE).

The company reports that drilling during 1987-1988 at the Shabu Lake claims in the Red Lake district of northwestern Ontario amounted to six holes or 2,219 ft. Drilling was terminated because of drill machinery breakdowns.

Width of the vein being explored remains narrow, the company says. Detailed sampling of the adjacent wall rocks failed to increase widths and the absence of gold outside of the vein failed to provide a zone that could sustain a viable mining operation. New property drill targets will be tested.

Linecutting, in preparation for a ground geophysical survey, is under way at Flint Rock’s Kirkland Lake area property, the company reports.