To date, Inco has completed 14,182 ft of drilling and 1,148 ft of underground drifting to the end of February. The program of 2,000 ft of drifting and 50,000 ft of drilling is expected to be completed by July.
According to High River, the initial drill program is confirming the continuity of gold mineralization below the level tested by High River last year.
Inco is spending $6.5 million on the program and will earn 4.5 million High River shares on a flow- through basis.
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