A 400-metre diamond-drilling program was carried out.
April 30, 2005
A 400-metre diamond-drilling program was carried out.
March 25, 2004
Moydow Mines has commenced drilling at its True Grit gold project which is located in the Baie d'Espoir region of Newfoundland. A total of 3000 metres is planned to test a number of gold anomalies which are located north of a broad zone of gold mineralization identified in the drilling program in the 2003 field season. The True Grit project is a joint venture between Moydow and Cornerstone Capital Resources. Moydow has the option to earn up to an 80% interest in the True Grit project and is the operator of the property. Moydow has also announced that they have entered into an earn-in/joint venture agreement with Altius Minerals Corporation on Altius' Baie d'Espoir gold project which is located north of the True Grit property. Moydow has the option to earn up to 80% interest by issuing 165,000 shares over 24 months and by solely funding exploration expenditures for three years.
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