A small $145,000 flow-through share financing completed by Sunburst Exploration enabled the company to start a 4,400-ft drill program on its Osnaburg and Dona claim blocks near Pickle Lake, Ont.
Assays from four completed holes are expected this month, the company says. In the Casa Berardi area of northwestern Quebec, Sunburst has acquired an option on a 71-claim property in Dieppe Twp. The company must meet a work commitment of $125,000 before Feb 28.
Sunburst has also acquired the Tribag copper deposit located 60 miles north of Sault Ste. Marie, Ont. At current depressed base metal prices, the property is considered of marginal value. An additional $350,000 flow-through share financing has also been negotiated, the company says.
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