A diamond drilling program has started on ground held by Nahanni Min es in Michaud Twp., Ont. Located 25 miles north of Kirkland Lake, the property was tested by previous drilling years ago which cut low grade gold mineralization. The current program will test three geophysical anomalies.
Nahanni also has nine other properties in the region of which five are situated along an 11-mile section of the Pipestone Fault; a major structural feature in the area. Exploration is being planned for the Pipestone properties in 1987, the company says.
Nahanni has enough cash to fund the Michaud drilling, but will require additional financing for its other properties.
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