A three-hole drilling program at the Cane Springs gold project in western Utah, about 100 miles southwest of Salt Lake City, has turned up altered shear zones along strike from previously known mineralization.
The visual appearance of the core matches known characteristics of the Cane Springs mineralization, which was mainly gold with some silver credits, hosted in siliceous breccias in skarns and metamorphosed carbonates.
Dumont has also staked claims and applied for leases to enlarge the property to 15.5 sq. mi.
The terms of the joint venture give Dumont the option to earn a 50% interest in the property. A five-year work commitment starts at US$150,000 in the first year and rises to US$250,000 by the final year. A separate US$400,000 work commitment applies to the 580-acre Cane Springs mine property.
Be the first to comment on "Dumont drills Cane Springs"