Vancouver — With a 900-metre drill program set to begin on their jointly owned Stares-Calvert massive sulphide property in Ontario,
The newly acquired property includes 15 claims in Sackville Twp., which contains untested airborne geophysical conductors.
The option agreement calls for shared cash and share payments of $15,000 and 100,000 shares over three years. The vendors retain a 3% net smelter return royalty.
The partners are exploring for the source of high-grade polymetallic float train. The boulders are mainly felsic volcanic rocks and appear to have come from a felsic fragmental unit up-ice.
Trenches in the area of this rock unit have uncovered zones of coarse fragmental rock, suggesting the possible presence of a volcanic vent area nearby. Also, an induced-polarization survey detected a chargeable zone (potentially a disseminated sulphide body) near the felsic horizon. A 300-metre strike length on the horizon has yet to be drilled. Diamond-drill-testing of the main targets is to begin this month.
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