Northern Dynasty Minerals (VSE) and Pacific Sentinel Gold (VSE) will test the Babs property in north-central British Columbia for bulk-tonnage, copper-gold mineralization.
The latter will pay the former half its property costs to date in return for a half interest in the project. Northern Dynasty can acquire the property (subject to a 1.5% net smelter royalty) from local prospectors by paying $200,000 over five years.
Situated in the Babine porphyry district, the property is covered by overburden.
The joint venture will test the central area of the claims for the bedrock source of several angular boulders that returned sample grades of up to 1.2% copper and 1.3 grams gold per tonne. The boulders are Eocene Babine intrusive rocks, the host to all major copper-gold deposits in the district, including the nearby Granisle and Bell mine deposits.
Historically, only 719 metres were drilled on the property, and the joint venture says the most probable source of the boulders was not tested at all.
A drill rig is being mobilized to the property.
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