Black Pine work continuing

Vancouver-based junior Formation Capital (VSE) expects to proceed with a prefeasibility study of its Black Pine project in Lemhi Cty., Idaho.

Reverse circulation drilling is currently evaluating copper oxide cap mineralization above a strataform exhalative copper-gold-cobalt sulphide system.

The program is covering about 4,000 ft. of the known 20,000 ft. of mineralized strike length in an effort to outline a potentially open-pit, leachable copper deposit.

Formation is also conducting diamond drilling to test targets on the remainder of the mineralized system.

Drill results from Black Pine include:

Hole Interval Width Copper Cobalt

(ft.) (ft.) (%) (%)

RC-74 005-150 145 1.11 0.005

RC-75 005-140 135 0.31 0.044

RC-76 025-105 80 0.21 0.003

RC-80 05-40 35 1.19 0.002

RC-84 100-135 35 2.47 0.011

RC-87 075-175 100 0.28 0.011

RC-89 110-200 90 0.42 0.012