Galico options Cominco claims

A program of diamond drilling and geophysical surveying is being planned by Galico Resources (VSE) for the Metla property 15 miles northwest of the Golden Bear gold mine in northwestern British Columbia. The exploration focus will be on a large number of defined precious metal and base metal targets. Galico was granted an option to earn a 60% interest in the Metla property from Cominco (TSE) by issuing 150,000 of its shares, and by spending $1.1 million by June 30, 1994.

Galico staked an additional 22,000 acres tied on to the Metla property. These claims, not subject to the option agreement with Cominco, will be explored for their potential to host precious and base metal mineralization, or for any strike extensions of the Metla mineralization. Prime Explorations will manage exploration work on the properties.

Print

 

Republish this article

Be the first to comment on "Galico options Cominco claims"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close