Drilling is planned for the Sunshine project in Lemhi Cty., Idaho.
Formation Capital (TSE), which holds an option to earn a 100% interest in the property, plans to drill 30,000 ft. The 60-hole program is budgeted at $1.5 million.
Previous work outlined an in situ resource of 400,000 tons grading 1.1% cobalt and 0.26% copper, as well as 0.05 to 0.1 oz. gold per ton.
Initially, Formation will review the 77 holes previously drilled on surface and underground.
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