Silvera starting drilling program

Diamond drilling is expected to start in early November on the Anton and Wapiyao gold properties held by Silvera Resources in B.C. and Saskatchewan respectively.

Funding for the work will be provided by a flow-through fund which will take down Silvera stock on a flow-through basis in return for approximately $570,000. A letter of intent has been received.

On the Anton property near Tillicum, gold mineralization has been intersected by drilling. A hole cut a 75-ft section which assayed anomalous gold values. Included are higher-grading but uneconomic values of 0.029 oz gold per ton across 2 ft, 0.16 oz across 2 ft and another 2-ft section grading 0.053 oz gold per ton. The holes are shallow, coming from above 100 ft. Follow-up drilling will examine this new zone, the company says.

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