An agreement has been reached between Glencairn Explorations (ASE) and International Platinum (TSE) to explore the 25-claim Goodfish gold property near Kirkland Lake, Ont. Under the agreement, International Platinum will earn a 51% interest by drilling a minimum of 10,000 ft. over an 18-month period and paying Glencairn $50,000 over six months. A minimum of 3,000 ft. of drilling must be completed by May 15. A 1988 drill intersection returned 0.48 oz. gold per ton over 10.5 ft.
In addition, Glencairn’s Raw Bean diamond project in Brazil is on schedule and on budget, said Vice-President Ian McDonald. Initial production of 1,000 cubic metres per month is expected in April, while full production of 6,000 cubic metres per month should follow in September.
Be the first to comment on "Glencairn signs Goodfish agreement"