A first phase 10-hole drill program was recently completed on the Todd Creek property, 28 miles northeast of Stewart, B.C. Goldnev Resources (VSE) has a 50% interest in the project, held under the terms of a joint venture with Noranda (TSE) and Brenda Mines (TSE). Noranda is project operator.
The 4,076-ft. drill program was focused on the Fall Creek zone, which is described as a major gold- in-soil geochemical anomaly measuring about 600×600 ft. and open- ended along strike in both directions. Assay results are expected shortly.
An airborne geophysical survey and a prospecting program in the northern, relatively unexplored portion of the property are still in progress.
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