News just out:
VSE Symbol - NCS
Progress Report, Buffalo Head, Alberta
The Company has made application for 2.1 million acres of additional Metallic Mineral
Exploration Permits in Alberta bringing New Claymore's gross acreage in Alberta to
11,800,000 acres. Of this new acreage, approximately 750,000 acres are located on
the Buffalo Head Craton, bringing the total within the craton to approximately 6 million
acres.
The Company has gramted two options for a total of 250,000 and 280,000 acres in
the Buffalo Head Craton to Primero Industries Ltd. and Meteor Minerals Inc.,
whereby those companies may earn 50% interest in the permits by expenditures of
$500,000 and $560,000 respectively. New Claymore Resources and Primero have
received airborne magnetic maps from High Sense Geophysics covering their 250,000
acre block lying west of Peace River.
These data are being interpreted for drill targets. Ground work, including drilling can
commence after Spring break-up in about three weeks.
An airborne magnetometer survey commenced this week on a 100%-owned permit
block of 350,000 acres lying due south of the Ashton permits.
The Company is reviewing option proposals on other permit blocks in the Buffalo
Head Area.
An updated map will be available on our web site Friday May 16 or a copy may be
obtained from our office.
New Claymore Resources Ltd.
Anthony Rich, P. Geol.
President |
