A 6,000-ft. diamond drill program is slated to begin shortly on the Webb copper- gold prospect where Moondust Ventures (VSE) can earn up to a 70% interest from Grand America Minerals (VSE). The property is in central British Columbia near the advanced Mt. Milligan gold-copper project held by Continental Gold and BP Resources Canada.
Moondust has already earned a 50% interest in the Webb property and nearby Nat claims which together total 16,300 acres in the active Mt. Milligan area camp. It can earn an additional 20% by spending a further $250,000.
As operator, Moondust has carried out an exploration program consisting of airborne and ground surveys, soil sampling and extensive prospecting.
President John Toporowski said the recently completed geochemical program “confirmed widespread copper-gold values” on the Webb property. He also noted that the program identified a large copper-gold zone measuring 850×350 metres, and a gold zone measuring 700×200 metres.
The copper-gold zone is reported to be situated on the west and southwest flanks of a predominant magnetic high and adjacent to an extensive IP chargeability high. The gold zone is on the north flank of the same magnetic high.
Toporowski also noted that the property has similar geology to the nearby Mt. Milligan deposits.
“Along with the coincident geophysical and geochemical responses we have similar geology, structure and magnetic features to other nearby deposits,” he said. “We feel we have one of the best undrilled prospects in the area.”
Be the first to comment on "Moondust to drill copper-gold bet"