The small property (around 800m in lenght) is surrounded on North, East and South by the Luc Bourdon property that is optioned to Noront and WPR (35% each).
As stated in the news release, the discovery goes north-south, is surrounded by the property optioned to Noront and WPR and will be focus of a winter drill program. Does anybody know if Noront/WPR have already started with drilling or what the planning is for this?
"The joint venture (WPR,MTX,ADD) has delineated a high-grade, zinc-copper-lead-silver mineralized zone over a north-south strike length of 200 metres and to a vertical depth of 275 metres from surface. The zone dips steeply at 75 degrees to the east with a steep 65 degree plunge to the south. Horizontal widths of the high-grade zone can reach up to 22 metres .... The 501 property consists of 160 acres ..." (800m x 800m)
"... WPR and Noront have agreed to earn a 35% interest each in the Luc Bourdon Prospect from Golden Valley Mines Ltd. (GZZ) consisting of approximately 9,000 hectares (see press release dated June 6, 2008). The Luc Bourdon Prospect surrounds the recently announced Volcanic Derived Sulphide (VDS) Mineralization by Metalex and WPR to the north, east and south. Recently received VTEM results on this joint venture, have outlined several priority one geophysical targets, which will be the focus of a winter drill program."