Posted By: Northern Miner Staff
November 30, 1998
Partners BMA Mining (BMA-V) and Cypress Minerals (CYP-V) have launched a 5,000-ft. drill program at their Hyslop property near Timmins, Ont.
The program is designed to test two induced-polarization targets outlined by Quantec Geophysical Services. The two juniors have the right to earn 100% of three claims which are believed to be underlain by the prolific Destor-Porcupine fault. The producing Glimmer gold mine is 1.5 km northwest and along strike of the property.
Meanwhile, in Ontario’s Red Lake camp, Cypress and partner ITL Capital (ICL-V) are preparing to resume drilling at the Durham-McEwan gold project. The partners are searching for possible extensions of the high-grade gold zones at Golcorp’s mine property, 4,000 ft. to the west.
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