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OIL AND GAS: The company also has several Oil and Gas properties in Alberta and BC. They have a 35.7% working interest in 7 oil and gas properties in the prolific Pembina Cardium field located about 50 miles southwest of Edmonton, slated for initial development of 2 horizontal wells this year. The company also has a 50% working interest in 4 other Pembina oil and gas properties with a number of low risk horizontal drilling locations. They also have varying smaller interest in a number of oil and gas properties in BC and Alberta, including many operating wells.
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GOLD: The company also has a gold property in the Eskay Creek/Stewart Region and another in the Yukon. The Eskay Creek/Stewart Region is 160 km by 50 km (99 miles by 31 miles) and to date has produced 15 million ounces of gold, 270 million ounces of silver, 4 billion pounds of copper and 782 million pounds of Molybdenum. Over 35 holes have been drilled near their property. Recent nearby drilling highlights include: 12.8m of 44.75g/ton GOLD and 4.87m of 76.80g/ton GOLD. Their Yukon properties border Underworld Resource's results which returned grades of 3.94 g/t Au over 59.9 metres and 3.59 g/t Au over 98.3 metres. win a Laptop in June! Get in on the Draw! |
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