- ExGen Resources (TSXV:EXG) has updated on its DOK project in northern British Columbia
- The project is also under option to Mountain Boy Minerals, which has the option to acquire a 60 per cent interest in the claims
- Exploration throughout the 2023 field season has focused mostly on the DOK trend in preparation for drilling
- Shares of ExGen Resources are up 18.75 per cent to C$0.095 as of 12:21 pm ET
ExGen Resources (TSXV:EXG) has announced an update to its DOK project in northern British Columbia.
In a news release, the Vancouver-based company said the project, which is currently under option to Mountain Boy Minerals, has focused on the Dok trend in preparation for drilling.
Mountain Boy Minerals has the option to acquire a 60 per cent interest in the DOK claims by paying $230,000 and issuing 1.5 million shares to ExGen. Mountain Boy is to also spend $2.5 million on the DOK claims by January 2026.
“ExGen has been encouraged by the diligence of MTB with the past two years of work at DOK proving up drilling targets and we eagerly await the results from this current drill program,” Jason Riley, CEO of ExGen Resources, said in a statement.
The company said field work this year has also included further geological alteration and structural mapping, spectral analysis, shortwave infrared spectroscopy (SWIR), assay rock sampling, and soil geochemistry.
More than 650 soil samples have been collected of which assay results have been received for the first 275 samples.
Additionally, ExGen Resources said numerous copper and gold in soil anomalies occur within Dok trend including a 1.2 kilometre x 1 kilometre anomaly, which includes 175 soil samples.
The company intends to build a diverse portfolio of projects across exploration stages and various commodity groups and currently has five projects in Canada and the United States.
Shares of ExGen Resources are up 18.75 per cent to C$0.095 as of 12:21 p.m. ET.
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