Placer joins Comaplex in N.W.T.

Comaplex Minerals has granted Placer Dome (PDG-T) an option to earn up to a 75% interest in the 286-sq.-km Noomut gold property near Rankin Inlet, in the eastern portion of the N.W.T.

To earn its stake, Placer must spend $8 million over a five-year period. Under the agreement, Placer has committed to spend at least $500,000.

Planning is underway for a $1-million summer exploration program focussing on surface geophysical surveying. Also included are plans for 2,500 metres of drilling.

Drilling will focus on the property’s Esker gold occurrence. Previous drilling on the occurrence in 1997 returned a best interval measuring 71 metres and grading 2.4 grams gold per tonne, including 6.5 metres of 6.4 grams and 5 metres running 7.2 grams. Drilling will also target other gold occurrences.

Print


 

Republish this article

Be the first to comment on "Placer joins Comaplex in N.W.T."

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Your email address will not be published.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.

Close