A first-phase exploration program has been conducted by Minnova Inc. (TSE) on three properties held under various option agreements with Celebrity Energy (VSE). Seven holes were recently completed on the Straw Lake property near Fort Frances, Ont., all of which encountered anomalous gold values.
Three separate areas were tested including the Moose Creek fault structure and its extensive alteration zone. Three drill holes tested some 800 ft of strike length and another 19 holes are planned along the 5,000-ft structure, says Minnova. Values ranged from 0.03 oz gold per ton over 57.6 ft to 15.7 ft of 0.11 oz.
Four holes were completed by Minnova on Celebrity’s Adams Plateau property near Kamloops, B.C., where the stratigraphy was shown to be similar to the nearby Minnova/Rea Gold Samatosum discovery. More drilling has been recommended.
Minnova also drilled seven holes on the Stump Lake project between Kamloops and Merritt and the results warrant a follow-up program of geological mapping, sampling, geochemistry and more diamond drilling.
Minnova can earn a 51% interest in Celebrity’s Stump Lake and JC claims and Celebrity can earn a 51% interest in Minnova’s Straw Lake property.
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