An agreement has been signed between Pronto Explorations and Esso Mi nerals Canada giving Pronto the right to earn a 50% interest in Esso’s Long Lake gold prospect. Located 120 km north of Lac du Bonnet in northern Manitoba, the Long Lake property covers several gold showings which are being examined by Esso.
By spending $500,000 on exploration and paying for the current stripping program, Pronto will earn its interest. Upon completion of the stripping program, a diamond drilling program is expected to start. Assays from surface work have run between 0.1-0.72 oz gold per ton from a 2-m-wide zone.
Pronto is also involved with two other drill programs, operated by Inco Ltd. Near Beardmore, Ont., Inco is drilling the Solomon Pillars project. In Newfoundland, the partners are investigating a property with magnesium and potash potential. Pronto has also been listed for trading on the Toronto Stock Exchange.
Be the first to comment on "Pronto options Esso property"