Funding in place for Willoughby

A $1.1 million financing will enable Camnor Resources (VSE) to cover its share of the cost of a planned $1.5-million exploration program at the Willoughby property near Stewart, B.C.

Camnor and Gold Giant Minerals (VSE) each hold a 50% interest in the property and expect to spend a total of $1.5 million on this season’s drill program.

Last year, 5,700 ft. of drilling was carried out on five known zones of gold mineralization. Results included a 38.4-ft. intersection on the North zone grading 1.17 oz. gold and 3.2 oz. silver per ton.

Crews are on the ground, and the joint venture expects to begin drilling on the North zone immediately.