A drill program by Norgold Resources (VSE) is about to begin on the 100% owned General Grant gold project, some 70 miles northwest of Phoenix, Ariz. Situated in a known mineral belt, the 2,600-acre property is two miles from the Vulture mine which produced over 400,000 oz. gold during its mine life.
Norgold said a recent trenching program returned encouraging gold values which support the geological model for the property of a tertiary polymetallic gold deposit with bulk tonnage, open pit potential. The drill program will test a number of targets defined by the trenching program.
In a separate venture, Norgold recently entered into an agreement whereby Tomahawk Resources (VSE) can earn a 51% interest in Norgold’s Mariposa Canyon project near Round Mountain in Nye Cty., Nev.
A US$90,000 drill program is expected to begin before the end of April.
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