Viceroy, Mink plan work in Mali

Mink Mineral Resources (VSE) will soon begin a second phase of exploration on the Niaouleni gold concession in Mali.

Viceroy Resources (TSE) is funding the work through an option to earn a 70% interest by spending US$2.7 million by June 30, 1995.

The program extends through to June, 1994, with a minimum budget of $1.2 million and will include test pitting, drilling and sampling. Viceroy’s initial phase of work, earlier this year, returned several gold intersections. One, measuring eight metres, graded 12.76 grams gold per tonne; another, measuring four metres, graded 2.63 grams.