A joint venture agreement between Mineta Resources (VSE) and Corona (TSE) will give the latter company the right to earn up to a 75% interest in the Golden Loon claims by spending $1.2 million on the property and paying Mineta $200,000 on or before July 31, 1995. The property, 40 km north of Kamloops, B.C., consists of 180 units 100% owned by Mineta.
The company notes that a work program was recently started on the property to follow up strong gold geochemical anomalies to the north of a large ultramafic body. Trenching and mapping have revealed a system of polymetallic quartz veins with assays of up to 31 grams gold per tonne over narrow widths.
The program includes a geophysical (IP) survey and further trenching.
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