The first phase of an approximate $150,000 exploration program at the Quill Lake, Ont., property of Hemlo Gold Mines (TSE) is complete, Golden Tag Resources (VSE) reports.
Tag, which optioned the property, said the core of the six holes drilled contained no economic values, although two of the holes (near the original Benderite showing) returned encouraging gold values. The company said Hemlo Gold is evaluating the results.
Meanwhile, at Tag’s 100% owned Benoit Twp., Que., property, results are expected soon from an induced polarization survey, the company said.
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