A recent agreement-in-principle was announced by Silver Talon Mines (VSE) relating to several properties in northwestern British Columbia that will be optioned to three Prime group companies.
Under its terms, Golden Ring Resources (VSE) was granted an option to acquire up to a 60% interest in the Sheslay property, five miles east of the Golden Bear access road and 30 miles northwest of Telegraph Creek.
The 90-square-mile Sheslay property covers two large copper-gold porphyry targets and a potential massive sulphide target. A work program has already started on this property.
Murray Pezim, chairman of Golden Ring, said the geological setting of the Sheslay property bears a strong resemblance to the Galore Creek porphyry copper-gold camp to the south, which features copper-gold mineralization associated with alkalic intrusive rocks.
Tymar Resources (VSE) and Core Ventures (VSE) were each granted options to acquire 50% interests in claim blocks adjacent to the Metla polymetallic project recently optioned from Cominco (TSE) by a Prime group company, Galico Resources (VSE).
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