Following the completion of a $750,000 flow-through share financing, Tanqueray Resources is well funded to perform exploration on a large portfolio of mineral properties.
Beginning this month, the company will start work on its optioned Sunday Lake property which adjoins the Detour Lake gold mine, north of Cochrane, Ont. Held under option from Westmin Resources, the property hosts economic gold values which were discovered by Westmin in earlier work.
Tanqueray has the right to earn a 24.5% interest in the property. A total of $900,000 must be spent on the property of which $450,000 is being provided by joint venture partner Gallagher Explorations.
In the Little Stull Lake area, Manitoba, the company and Westmin will be drilling several gold showings associated with geophysical anomalies. Interests are also held in properties in California, the N.W.T., Ontario and B.C.