According to Alfred Burgoyne, vice-president exploration, the zones have “considerable potential to develop bulk tonnage epithermal deposits”.
The S-13, Canyon and South zones are described as extensive and associated with a highly pyritized and altered intrusive-breccia complex.
Noramco Explorations is operating the work program which began with geological mapping, surveying and prospecting coverage of the entire property. Costs are estimated to total $400,000 which includes the diamond drill program slated for early September.
Royalstar has an option to acquire a 100% interest in the 210 claim units comprising the Bob Creek property, subject to a 20% net proceeds of production royalty payable to Bard Silver and Gold Ltd. and the original prospector vendors.
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