Val d’Or Resources is earning a 50% stake in the project which President Pedro Cardoso says could be in production within a year. Recent work was concentrated along a favorable geological band hosting the main zinc, gold and silver deposits, as well as two other secondary deposits lying within a strike length of about 8,000 ft.
Val d’Or Resources says geophysical results were so promising that the joint venture operated by Abcourt decided to drill for possible extensions of known reserves on the main deposit at depth and along strike.
With a drill on site, the partners are probing the main Vendome deposit in a bid to intercept the geological structure at a depth of about 1,500 ft.
The Vendome is estimated to contain almost 542,000 tons of grade 7.9% zinc, 0.29% lead, 0.46% copper, 1.7 oz silver per ton and 0.035 oz gold. Two other deposits on the Bardome property contain an estimated 408,240 tons of reserves.
Other drill holes are planned along strike to reach a second deposit that lies 5,000 ft west of the Vendome.
Val d’Or says it has finalized a series of private placements designed to raise $1.2 million to finance surface exploration on the Bardome project.
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