A diamond drilling and surface sampling program will be carried out this summer on Queenstake Resources’ Mar gold property following an option agreement with Can Pro Development.
Can Pro, a private B.C. company, can earn a 50% interest in the Mar property by spending $300,000 on exploration over three years and issuing 120,000 shares to Queenstake. The property is adjacent to Queenstake’s Mar tungsten deposit near Mayo, Yukon.
The Mar gold vein system has been traced for a distance of 20,000 ft. Within this system a shear zone quartz-sulphide system containing 14 known veins extends over a strike length of 2,500 ft at a width of 900 ft.
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