Joint-venture exploration programs are under way at the White River claims in Ontario and the Crescent Valley project in Nevada, reports Akiko Gold Resources (VSE).
The White River gold project will be explored by a unit of Hemlo Gold Mines (TSE) under an agreement with Akiko and Gold Giant Minerals (VSE). The major must spend $500,000 (not including previous expenditures) on exploration and pay the prospectors $250,000 to earn a 50% interest.
Initial work will include line-cutting, rock and soil geochemical sampling, mapping and ground geophysics. This first-phase program, focused mainly on the Sugar Vein gold occurrence, will be followed by drilling. Drilling is already under way on the 5,200-acre Crescent Valley project, a gold venture involving Akiko, Bradner Resources (VSE) and a unit of Consolidated Ramrod Gold (TSE). Ramrod, the operator, can earn a 60% interest by spending $2.5 million.
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