Highlights Include:
- 9 of 11 drill holes intersected gold in the companies first round of exploration drilling including a 33 m intersection of 0.271 g/t Au in hole 01-04 including: 5.6 m averaged 0.68 g/t Au, and 1.4 m averaged 1.57 g/t Au.
- Drilling focused on the Smoking Pipe target and results indicate the mineralized zoning is near surface and the zones of gold-rich rocks thicken to the west.
- The drilling identified large gold bearing structures with distinct geological similarities and presence of magnetic lows suggest the potential for Blackwater Style Bulk-Tonnage Discovery in B. C.'s Nechako Plateau.
- The company also announced a Non-Brokered private placement of up to approximately 3.15 million units at a purchase price of $0.70 per Unit, for aggregate gross proceeds to the Company of up to $2,200,000.
