High Frontier moves into Bralorne camp

Early next year, High Frontier Resources (VSE) expects to begin exploring a 2,471-acre property held by Goldpac Investments (VSE) near the historic Bralorne gold mine in southern British Columbia. High Frontier said the setting of the mineralization on the property strongly resembles many volcanogenic stratabound polymetallic deposits and, as such, it views the property as having potential for the development of massive sulphides along strike or downdip.

Goldpac granted High Frontier the right to acquire a 70% interest in the property by making staged payments totalling $250,000 and by spending $1.4 million on exploration over four years. High Frontier can acquire up to an additional 15% interest through staged cash payments to Goldpac.

In turn, High Frontier granted Kennecott Canada the right to acquire a 75% interest in its interest by fulfilling High Frontier’s obligations to Goldpac.