Vancouver — An option agreement gives
To do so, the junior must issue 800,000 shares and pay $50,000 in stages, the final stage being the completion of a National Instrument 43-101 report that deems the project “a property of merit.”
Work by previous operators focused on a gold prospect covering three main target areas. The best results from a 1996 drill program include 4 grams gold per tonne over 1.2 metres, 8.6 grams over 3 metres, 4.7 grams over 6.1 metres, and 2.1 grams over 1 metre. Three other holes intercepted anomalous values.
Mineralization is associated with pyrite and base metals and contained in intrusive diorite and felsic volcanic rocks as veins, breccias and stockworks. More drilling is required.
Starfire is exploring another early-stage gold project, near Campbell River, north of Vancouver. Geological, geochemical, and geophysical work shows potential for precious and base metal mineralization in metamorphosed sedimentary and volcanic rocks associated with granitic intrusions. A work program, including drilling, is expected to begin shortly on the Shamrock property.
The company raised $230,000 earlier this year and plans to explore three uranium properties — two in Quebec and one in Ontario.
Be the first to comment on "Starfire options BC gold prospects"