Proceeds from two private placements completed earlier this year are being used to finance the work. Current activity consists of raise driving and sampling of the No 2 vein system above the 125-ft level. The first of the two raises was driven through 88 ft, and channel samples from this raise taken at 5-ft intervals averaged 0.46 oz gold per ton over 5 ft through the length of the raise, the company says. Visible gold is reported.
A second raise 75 ft west of the No 1 vein system has been collared on the No 2 vein and has been driven through a distance of 58 ft. Visible gold is also reported from this raise.
A surface exploration and drilling program is being planned for the property.
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