Diamond drilling has commenced on a gold/base metals property jointly owned by International RSV Resources (VSE) and Ramardo Holdings (COATS). The property is in Denain Twp., Que., 30 miles southeast of Val d’Or, Que. The drill program is aimed at a gold/copper zone outlined by previous drilling. Upon completion of the current drill program, IRS will have increased its interest in the property to 100%, subject to a 15% net profit interest to be retained by Ramardo.
The current program is fully funded by a $770,000 private placement.
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