Drilling is expected to begin in early October on the Libby property to test zinc-lead targets. The project straddles the border near Trail, B.C., and includes the nearby Lead Hill mine property as well.
Consolidated Ramrod Gold (TSE) can earn a 60% interest in the two properties from Timmax Resource (VSE) by spending $1 million over three years. Ramrod recently completed mapping and geophysical work on Libby and has identified seven drill targets.
The targets correlate well with lead-zinc soil anomalies identified by Timmax in 1991. Two anomalies contain high-grade showings of yellow sphalerite in trenches and chip samples with values of up to 29% zinc over 4.9 ft.
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