Prime to explore Kenrich’s Corey claims

The success of the Eskay Creek gold-silver mine, north of Stewart, B.C., has prompted operator Prime Resources Group (PRU-T) to option a nearby property considered to have potential to host similar deposits.

Prime recently signed an agreement allowing it to earn an undivided 51% interest in the 6,000-ha PRU block of Kenrich Mining’s (KRC-V) 18,700-ha Corey property, south of Eskay Creek.

The gold producer can earn the interest through a combination of cash payments, share purchases and exploration expenditures totalling $10.5 million. Prime can earn a further 19% interest in the PRU block by spending a further $10 million on exploration, development and feasibility programs.

The PRU block consists of 20 contiguous claims and covers a 12-km strike length of prospective Eskay Creek-Type stratigraphy.

Kenrich says recent mapping has outlined two distinct packages of mafic volcanics, which may bear similarities to those that host Eskay Creek.

Prime intends to mobilize a rig to begin drilling the prospect this summer.

In the meantime, Kenrich will continue its exploration efforts elsewhere on the Corey claims.


Be the first to comment on "Prime to explore Kenrich’s Corey claims"

Leave a comment

Your email address will not be published.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.