Pacific options Telesis property

Pacific Trans-Ocean Resources has purchased a 56.5% interest in the Gordon Lake property owned 43.5% by Telesis Corp. Located in the N.W.T., the property is two miles from Echo Bay’s Lupin gold mine.

A drill program, scheduled to begin in early 1988, will test two zones of gold mineralization associated with quartz veins. Some of the better holes from a previous drill program completed in 1985 include 13.2 ft grading 0.27 oz gold per ton, 5 ft assaying 1.1 oz gold and 6.6 ft grading 2 oz gold per ton. A majority of the intersections were relatively high grading but over short widths of 3 ft-5 ft. Most of the holes from the two zones where completed above a depth of 200 ft.