Placer Dome will provide up to $225,000 in consideration of issuance of up to 900,000 flow-through shares of Lassie. Placer currently owns 458,461 shares (a 23.4% interest) and would increase that interest to 47.5% if all 900,000 shares are issued.
Planned this year for the Lassie property, situated near Placer’s Campbell Red Lake mine, is a 16-hole drill program (at 150-ft intervals) along the length of the property to test a gold-bearing structure identified previously.
]]>
Be the first to comment on "Placer funding Lassie drilling"