Valerie Gold Resources has completed its 2002 drill program on the Tower Mountain property 40 km west of Thunder Bay, Ont. The program included mapping the outcrop, trenching and 1,042 m of core drilling. Valerie reports that several new gold zones were discovered. Two of these zones returned values of between 0.05 and 23.17 g/t Au across 1.5 m.
Maps of the Tower Mountain property may be viewed at www.valeriegold.com
Valerie has entered into an option on the Bateman Lake property, west of the Tower Mountain claims. The company can earn a 100% interest by paying $40,000, issuing 160,000 common shares, and spending $500,000 for exploration. The deal is subject to regulatory approval.