A $165,000-exploration program has been recommended by Koala’s consulting geologist who concludes that several targets require follow- up testing.
An exploration program completed by Koala and Captain identified two horizons displaying anomalous gold values. The best drill hole from the previous program intersected 2.2 ft grading 0.11 oz gold per ton. Both zones are believed to be associated with a regional shear structure.
Koala says the zones are in geology similar to that hosting gold deposits north and south of Mishibishu Lake.
Kam Creed can earn a 30% interest in the 177-claim property. Koala and Captain hold a 65% and 35% interest in the claims respectively.
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