Moss Lake tops list of Tandem`s projects

Despite the current difficult financing climate in the junior mine sector, Tandem Resources (ME) will be “very active” this year, President Stanley Hawkins told the annual meeting, with high interest centring on the Moss Lake project in the Shebandowan area of Ontario. Under option to Central Crude (TSE), drilling there with two machines is expected to resume within the next few weeks, Hawkins reported, following a visit to the Moss Lake property. Tandem and Storimin Exploration (ASE) each holds a 50% interest, but Central Crude can earn a 51% interest by spending $4 million and paying Tandem and its partner $450,000. Central Crude, in turn, is a subsidiary of Hemlo Gold Mines (TSE) which is financing the undertaking.

Noranda Exploration, as operator, is gearing for a substantial program, looking for a large tonnage of open pit ore grading 0.03-0.04 oz. gold with minor copper values. Prior to this new program, it completed some 20,000 ft. of drilling.

“We think there is a real chance of making a mine here,” Hawkins said, adding that the area has now been staked for miles around.

Tandem will also be busy in Quebec’s Louvicourt district where, jointly with North American Rare Metals (ME), it has tied up 40,000 acres in six separate groups. Extensive geophysical work is being carried out, to be followed by 20,000 ft. of exploratory drilling.

Closely associated and under the same management, Tandem holds 3,958,679 shares of North American, which owns close to one million shares of Tandem.