PORT ALICE – There's gold in those hills. And copper and molybdenum too.
That's the findings of the Compliance Energy Corporation who performed early stage exploration in a 7,533 hectares about 10 kilometres southwest of Port Alice last summer.
Now they want to dig deeper to see just how much of those minerals, and perhaps others, may be present at the site they refer to as NIC.
The 2010 exploration program confirmed the existence of a previously indicated
copper/molybdenum porphyry system in the NIC North area. Highlights of a late season (2010) discovery on the NIC South area include five select rock chip samples from the
discovery outcrop which yielded an average of 0.959 ppm Gold, 2.214 ppm Silver,
and 2.22% Copper, said the information from the company.
In 2011 Compliance Energy plans to conduct diamond drilling exploration at the NIC site.
" ... the budget for NIC is estimated at $925,000 and is planned to include approximately
2,500 metres of diamond drilling," said a press release from the company.
The drilling program at the NIC site will begin after the snowmelt in the spring and receipt of all necessary exploration and drilling permits.
The company will also be drilling at their Camp Lake property near Campbell River. Compliance also owns properties near Sayward, Tahsis and Gold River and has a 60 per cent interest in the Raven Underground Coal Project near Nanaimo.
Compliance Energy Corporation is a mining exploration and development company.
Our primary holding is our interest in over 75,000 acres of coal and mineral
rights on Vancouver Island. More information on the company is available at www.complianceenergy.com.