If a positive production decision is made on the Capas gold property in the Philippines, West Gold Explorations will be granted a 5-year tax holiday, says Grizzly Creek Resources (VSE). Grizzly Creek owns a 40% equity interest in West Gold, which, in turn, owns 100% of Capas.
A recent 300-metre drill program on the property intersected gold values of up to 0.081 oz. per ton just below surface. Based on the geological setting of the gold anomaly, Grizzly believes Capas has the potential to host more than 523,000 oz. gold.
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