- Silk Road Energy Inc. (SLK.H) finalizes its exploration program for the Amikougami gold property in Ontario
- The company is planning on beginning a follow-up field program in August
- New drill holes will establish the nature of the mineralization on the property
- Two drilling proposed locations are targets identified in an earlier survey
- Silk Road has begun the process of compiling, digitizing, and reprocessing historical data
- Silk Road Energy Inc. (SLK.H) is up 100.00 per cent and is trading at $0.07 per share as of 3:44 p.m. ET
Silk Road Energy (SLK.H) has finalized its 2022 exploration program for the Amikougami gold property.
The property is located in Kirkland Lake, Ontario.
The company is planning on beginning a follow-up field program in August subject to the availability of a drilling rig, personnel, and field equipment.
Silk Road will drill five short drill holes to establish the nature of the mineralization on the property. Two of the proposed drilling locations are targets identified by an earlier survey.
Before the work can begin, Silk Road needs to establish access, strip overburden, excavate trenches and conduct channel sampling.
Silk Road has already begun the process of compiling, digitizing, and reprocessing historical data.
The company has begun the process of defining structural controls of mineralization more clearly in the area. The reports, maps and results from this exploration phase will be the basis of the field activities.
Michael C. Judson, Silk Road Director, stated,
“We are right beside one of the most prolific gold mines in the world, in one of the best mining jurisdictions. From an exploration and mine development point of view, it has everything – roads, power, personnel and site accessibility.”
The Amikougami and Otto gold properties consist of 16 patented mining claims including five mining licenses. However, there is no exploration program planned for Otto during this field season.
Silk Road Energy Inc. (SLK.H) is up 100.00 per cent and is trading at $0.07 per share as of 3:44 p.m. ET.