North American Rare drilling continues

North American Rare Metals (VSE) is continuing drilling with three machines at the Matagama area gold property which it owns jointly with Dundee Palliser Inc. (TSE). The deepest hole is still open to depth. Previously it was reported that this hole obtained 9.3 ft true width grading 0.21 oz gold per ton at a vertical depth of 1,700 ft.

Drilling is to resume shortly at the Pickle Lake area gold discovery in northwestern Ontario. North American owns a 25% interest in this project, but expects to increase this to as high as 33% by the present program.