Underground development work is in progress at the Blackdome Mine property near Clinton, B.C.
The work is being funded by Aurizon Mines (TSE) under an option agreement that enables the company to acquire a half interest in the property from Claimstaker Resources (VSE). In return, Aurizon must spend $2.05 million on exploration and pay $450,000 cash. It can earn an additional 5% by bringing the project into production by April 30, 1997.
Plans call for a 70-ft. crosscut to be driven in order to intersect the No. 11 vein, as well as a short exploratory drift on the vein and a short raise.
The raise will target the area intersected by surface drill hole 795, which returned 3.9 ft. grading 2.26 oz. gold and 1.09 oz. silver per ton.
Aurizon and Claimstaker hope to outline sufficient reserves to restart Blackdome’s 220-ton-per-day gravity-flotation mill.
The mine, which shut down in early 1991, contains a resource estimated at 80,000 tons grading 0.45 oz. gold.
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