As reported (N.M., May 1/89) msot of the properties are located near Opapimiskan Lake and Pickle Lake. The most advanced of those is at Kasagiminnis Lake near Pickle Lake where drill-indicated reserves of 1.1 million tons grading 0.19 oz gold per ton have been outlined.
In return, Moss is increasing its stake in Power to 40% by picking up 6.2 million Power shares.
A preliminary field program of geological mapping and geophysical surveying has been completed on the Houghton Lake base/ precious metal property a nd results indicated numerous drill targets for volcanogenic copper-zinc-gold- silver depos its.
The company is attempting to raise money to finance a core drilling program on the property.
]]>
Be the first to comment on "Moss gets approval for Power purchase"