Re: Drill Turning on Reliant
in response to
by
posted on
Apr 16, 2012 11:00AM
Reliant optionee Probe Mines starts Borden drilling
2012-04-16 09:51 ET - News Release
See News Release (C-REC) Reliant Gold Corp
Mr. Andrew Hara reports RELIANT ANNOUNCES COMMENCEMENT OF DRILLING AT ITS BORDEN LAKE SOUTH PROPERTY Probe Mines Ltd. has commenced exploration on Reliant Gold Corp.'s 100-per-cent-owned Borden Lake South property, for which Probe has entered into an option agreement to acquire up to a 70-per-cent interest. The exploration program entails the diamond drill testing of favorable coincident ground IP and magnetic targets located in the north east part of the Property. The Property is comprised of 20 mining claims representing 294 claim units covering approximately 4,704 hectares and is located 10 kilometres east of the town of Chapleau in Northeastern Ontario and two kilometres south of Probe's Borden Lake gold discovery. The exploration program will comprise approximately 1,500 metres of drilling and test up to 10 priority targets identified from the geophysical survey. The program represents the first drilling ever to be undertaken on this Property. The drill targets were selected from a larger group of anomalies, based on character and strength, and will test a significant section of the stratigraphy to the south of Probe's Borden Lake gold discovery. Surface prospecting suggests that the Property shares many geological similarities to the area hosting Probe's Borden Lake gold zone, and therefore has potential to host similar gold mineralization. Results from the current program will be used to develop further exploration programs on the Property.This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.