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Tuesday, 18th October 2005 (3357 views)

Black Pearl Minerals has updated its report on a summer gold exploration programme in Wekusko Lake.

The programme will start in January 2006, after months of research into the site and its economic prospects. Initially, Black Pearl is proposing to drill 1,300 to 1,400 metres.

Primary reports show the potential for a number of gold deposits, particularly near the Laguna and Ferro trend.

Black Pearl has also optioned the Leo-Gem gold property from Strider Resources. Surface sampling on the property found gold values of close to six grams per tonne.

The company must pay Leo-Gem $250,000 in property payments over a five-year period and a $1 million work commitment over the same period.

 

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