This year’s drilling program has started on Eldor Resources’ gold- platinum property in northern Saskatchewan.
A check assay results for a recent drill hole announced late last year sees a 5.25-ft intersection grading 2.08 oz gold and 0.41 oz palladium per ton, an average of several assays.
The previously reported value of 0.19 oz palladium is still being checked.
Mary Ellen Resources has the right to earn a 40% interest in the property by spending $1 million on exploration by the end of this year.
In other company news, Mary Ellen has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) for the acquisition of the Nicholson Bay property.
As operator, Mary Ellen can earn a 60% interest in this uranium, gold, platinum group metal property by spending $500,000 on exploration.
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