A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour Resources (TSE) holding 30% and Pronto Explorations (TSE) with 12.5%. Robert Fasken, an officer of Pronto, owns the remaining 7.5% interest.
The exploration program, which is expected to begin immediately, will include shaft dewatering and the exploration of four mineralized zones which were tested by surface drilling.
Based on surface work completed earlier this year, the partners concluded that the property has the potential for hosting one million tons grading 0.25 oz gold per ton.
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