Eider Resources is starting a diamond drill program on its Lac Rose property in northwestern Quebec to test a geochemical target and evaluate the average grade of the known veins.
Geologist Michel Roy says the company hopes to prove the genetic model explaining the position and number of veins which would allow it to increase the known zones and calculate potential reserves.
Eider also expects to receive an evaluation report on its Rouyn- Beauchastel property shortly.
As well, Golden Briar has intersected a mineralized zone for a length of more than 500 ft on Eider’s property in Estrees Twp. in northwestern Quebec’s Casa Berardi area. Golden Briar can earn a 50% interest by spending $2 million on exploration on the property.