more newsOtjimakuru gold project optioned to Yale Resources
This project is west of and contiguous with the Vredelus project, which is subject to an agreement with Teck Cominco. Yale Resources has advanced the funds to cover the first year exploration expenditure commitment ($150,000).
A combined soil sampling and IP geophysics grid covering approximately 16 square kilometres has been completed resulting in over 1,300 samples being taken. The main target area (four km by 1.5 km) has been covered with 60 line km of gradient array IP geophysics. Planning for the next phase of work will be undertaken once all outstanding soil assays have been received.