Company has signed a letter of intent with privately held High Range Exploration, to earn a 50% stake in the gold project, 110 km from Prince George in B.C.
Drill results in Manitoba have increased the strike length of the deposit to 1,000 metres and hit mineralization at depths of approximately 800 metres.
Kennecott has completed all four holes in the program which is designed to test the possible continuity of mineralisation between the Cactus and Comet Cu-Au prospects.
Referendums to ban large and medium scale projects can only be about future mining rights and won’t be retroactively applied to concessions granted prior to public vote, top court has ruled.