Diamond drilling is expected to begin in the next few weeks at International Maggie Mines’ (VSE) Indian River property six miles southeast of Squamish, B.C. The property falls under an option agreement with Minnova Inc. (TSE), the operator for the upcoming drill program.
According to Alex Davidson, exploration manager for Minnova, road access is being established to a volcanogenic massive sulphide zone which was drilled last year and returned 10.8% zinc and 0.13 oz gold over two feet. “It’s very similar in geology to our Winston Lake project and I think this will be one of our hot ones,” he concludes.
About 7,500 ft of drilling has been budgeted and the holes will probably average over 1,000 ft in length because the zone is dipping away from the hill. “It’s great adit country,” he notes. Depending on results, underground exploration would be considered in 1989. About $300,000 will be spent on the property this year, he confirms.
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