North Valley Doubles Comstock Land Package with Strategic Claim Expansion; Provides Company Updates
North Valley Resources roughly doubled its Comstock Copper-Gold land package in southern British Columbia, staking an additional 4,857 hectares to bring the total position to about 9,319 hectares within the Quesnel Terrane. The release recaps historical results across the Original-Diane, Victoria, Lowell, South and other zones, including surface samples up to 27.19% copper and 56.71 g/t gold, and 1988 drilling of roughly 570 metres of which only 22% of core was assayed -- all unverified by the company.
Key figures
- Option vesting
- immediate upon grant
- Total land km2
- 93.19
- Options granted
- 1420000
- Option term years
- 5
- Best trench result
- 1.06 g/t Au and 0.31% Cu over 3.38 m (Lowell Zone)
- Ir monthly fee cad
- 9000
- Land expansion km2
- 48.57
- Total land hectares
- 9319
- Historical drill 1988
- approximately 570 m across nine shallow holes
- Land expansion hectares
- 4857
- Ir engagement term months
- 6
- Ir total compensation cad
- 54000
- Option exercise price cad
- 0.17
- Historical core assayed pct
- 22%
- Chargeability anomaly length
- >400 m
- Max historical surface au gpt
- 56.71 g/t
- Max historical surface cu pct
- 27.19%
AI analysis
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