- BWR Exploration (BWR) has begun a drilling program at its Vendôme Sud Property
- The Toronto-based company is starting a five-hole, approximate 1,000-metre drill program on the property
- The wholly-owned property is located in Fiedmont Township, 30 kilometres north of Val-d’Or
- No mineral resources have been calculated for the property in a fashion that is compliant with any modern reporting codes
- BWR Exploration is unchanged, trading at $0.03 at 11:08 am ET
BWR Exploration (BWR) has begun a drilling program at its Vendôme Sud Property.
The Toronto-based company is starting a five-hole, approximate 1,000-metre drill program on the property.
The wholly-owned property is located in Fiedmont Township, 30 kilometres north of Val-d’Or.
The property consists of 17 lot claims totalling 712.34 hectares, hosting the historic Vendôme No. 2 Nickel-Copper mineral occurrence first tested by drilling in the 1960s.
So far, no mineral resources have been calculated for the property in a fashion that is compliant with any modern reporting codes.
Previous exploration on the property includes 21,638 metres of drilling, approximately 17,173 of which was in the 1960s and early 1970s.
Based upon this historical exploration drilling and numerous geophysical surveys, the property is understood to host a multi-phased intrusive complex.
The company estimates the drill program will take approximately two weeks to complete, with analytical results expected a few weeks later.
BWR acquired the Vendôme Sud project in late 2015 and proceeded to compile and interpret the historical exploration results dating back to 1948, including a 2014 helicopter magnetic survey over the property and plotting drill traces for 182 drill holes within the helimag survey project area.
BWR President Neil Novak anticipates heading to the project to meet with the project team to view the first holes early next week.
BWR Exploration is unchanged, trading at $0.03 at 11:08 am ET.
