CanAmerica seeking B.C. gold interest

CanAmerica Precious Metals says it has an option-joint venture agreement with Golden Rule Resources under which CanAmerica can acquire a 50% interest in Golden Rule’s Eldorado Mountain property in southwestern B.C.

To do so CanAmerica must spend $300,000 by October of 1969 and release in stages 400,000 CanAmerica shares.

The property is a few miles north of the Bralorne-Pioneer mine, and includes two high grade quartz- sulphide vein systems explored in the 1930s by underground workings, and a number of large gold- arsenic geochemical anomalies along major structures.

CanAmerica says it will remap and sample the underground workings and trench and bulk sample a number of the larger anomalies to establish targets for a drill program late this year.