Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines.
The company says it will raise up to $288,000 via a unit offering with certain flow-through provisions, which it will utilize for continued development of gold properties in B.C.
The offering is made only in Alberta, it adds.
Kilo says on the Skylark-Ranger claim area surface work last year had identified a structurally- controlled silicified zone some 1,500 m in length, and hosting “promising” levels of gold and silver mineralization.
On its You property, on the west coast of Vancouver Island, additional surface work is planned this year to include geochemical sampling and trenching, prior to reconnaissance diamond drilling, says President D. S. Evans.
Dr Evans says previous surface work around the old mine workings on this property has identified potential for a multiple vein system of high grade gold mineralization.
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