Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange.
Aquaterre is headed by Thomas Waterland, a mining engineer, former mines minister and former head of the Mining Association of British Columbia. The company’s exploration strategy is based on a view that many opportunities exist for the discovery of volcanogenic massive sulphide and related mineral deposits in the relatively underexplored mountainous coastal regions of the province.
Exploration is planned for this summer on the company’s three main properties. Among these is the 7,500-acre Ashwood property near Stewart, about 14 miles from Lac Minerals’ Red Mountain gold project. Six zones of interest will be tested this year, partly by diamond drilling The junior also plans to explore the 6,000-acre Pilldolla property along Jervis Inlet in the southwest. The property is in a “roof pendant,” a geological setting similar to the famous Britannia mine. Detailed geological and geophysical work is expected to lead to a drill program this year. The 6,000-acre JI property, also on Jervis Inlet, was acquired to cover a previously known copper geochemical anomaly. This year’s program will include more geophysical work, mapping, trenching and sampling, as well as diamond drilling of identified targets.
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