On completion of a financing, Valerie Gold Resources (VSE) plans to conduct further work on its Mega, Gold and Boot claims in the Fish Lake area of southwestern British Columbia.
The company recently outlined anomaly coincident with a 5-km-long aeromagnetic low. The company notes that this magnetic feature is the principal target on the property.
In addition, a strong mercury anomaly is associated with the target and may indicate the presence of epithermal gold mineralization.
Valerie is now actively seeking financing for additional work on the property including further geophysical work as well as drilling. Estimated cost of the two programs is about $330,000.
Frank Lang, president of the company, noted that the potential targets on the property include a disseminated gold deposit in sediments and volcanics, or a copper-gold porphyry-type deposit such as Taseko Mine’s Fish Lake deposit to the south.
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