Exploration spending by Granges (TSE) is expected to total US$6.1 million next year.
The company plans to spend US$2.5 million in Nevada and US$1.3 million in South America. A further US$2.3 million will be spent in South America through 41%-owned Zamora Gold (CDN).
The Nevada expenditures will include US$1.4 million for the Crofoot-Lewis open-pit, heap-leach mine.
Besides testing for additional oxide mineralization near the surface, work will also test for sulphide gold mineralization below the oxide orebodies of the Central and East faults.
The Crofoot-Lewis oxide resource was last estimated at 25 million tons grading 0.03 oz. gold per ton.
A feasibility study, now in progress, will address the possibility of expanding annual gold production at Crofoot-Lewis by 10,000 to 15,000 oz. Current capacity is rated at 100,000 oz. per year.
The company recently moved its executive office to Denver, Colo., from Vancouver, B.C.
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