Partners Eastfield Resources (VSE), Island Arc Resources (VSE), Athabaska Gold Resource (TSE) and Warner Resources will drill-test a geophysical anomaly on their Alliger Lake West property 65 km north of Voisey Bay, Labrador.
The anomaly was identified by an airborne survey, and preliminary results from a ground electromagnetic survey confirm the presence of a strong conductor covered by overburden.
Eastfield, the project operator, has applied for drill permits.
Each of Island Arc, Athabaska and Warner holds an option to earn a 25% interest in the property from Eastfield.
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