Northair drops Deception Lake

After compiling results from a recent exploration program, Northair Mines (TSE) elected not to participate in the future development of the Deception Lake property in northern Saskatchewan. The company had entered into an option agreement with owner Pine Channel Gold (VSE) to earn a 51% interest in the polymetallic prospect. Northair said results from the 10,000-ft. drill program were not sufficiently encouraging to warrant additional exploration expenditures.