Thompson-Lundmark busy on exploration projects

Thompson-Lundmark Gold Mines reports it has raised $435,000 for exploration work on the company’s various mining interests.

President Richard Evarts tells The Northern Miner the funds came from 31.9%-owned Quebec Cobalt and Exploration, which has subscribed for 300,000 common shares of Thompson-Lundmark, at $1.45 per share.

Mr Evarts says part of the funds will go toward diamond drilling on the company’s 50% interest in claims located about 30 miles northeast of Yellowknife, in the Northwest Territories.

New York-based Ardic Exploration and Development, Thompson- Lundmark’s joint venture partner, has started an 8,000-ft drill program on the identified extension of the Kim vein on these claims, he said.

At Thompson-Lundmark’s recently acquired claims in Tisdale Twp., Ont., and on six patented and 44 unpatented claims in Bruyere Twp., surface and geological exploration work will be carried out, as well as 3,000 ft of diamon d drilling on the Tisdale Twp. claims, and a further 3,000 ft of drilling on the patented claims in Bruyere Twp.

The company has other interests in Ontario, including 12 patented claims just north of Sudbury, and 12 leased claims on the south shore of Kapkichi Lake in northern Ontario, immediately south of the Thierry copper mine.

Joint venture partner Umex Inc. has advised Thompson-Lundmark that a winter drill program is scheduled on the Kapkichi Lake claims.