The exploration division of Hudson Bay Mining & Smelting (TSE) is set to begin work on two newly optioned properties in southeastern British Columbia.
The main target is stratabound, copper-silver mineralization in red-bed sequences (quartzites and dolomites) of the Precambrian Belt-Purcell Supergroup. The geological formation of interest extends 30 km east into southwestern Alberta, and south over 100 km in northwestern Montana where it hosts the Montanore, Rock Creek and Spar Lake copper-silver deposits.
The company can earn a 55% interest from Ecstall Mining (VSE) by spending $500,000 on exploration and $100,000 on option payments for each of the properties.
The Junction and Delta properties are situated in Flathead Valley and HudBay can increase to 65% its interest in each of them by performing additional work and making further option payments.
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