Broadly spaced RAB traverses across the accessible portions of the licence identified a further four sub-parallel quartz reef systems anomalous in gold. A total of 12,966 metres of RAB drilling and 1,336 metres of RC drilling were completed.
June 30, 2002
A deal to develop the property with Barrick was concluded. The deal provides for exploration by Barrick for up to four years, with an option to purchase Mincor’s interest outright for US$500,000 plus a royalty of up to US$3 million.
Advanced or Above