The hole will be deepened a minimum of 500ft to test a strong copper-fluorine-tungsten-zinc anomaly that could indicate underlying molybdenum mineralization.
The company drilled two vertical core holes totaling 3,789ft during the third quarter of 2010 but was unable to corroborate unconfirmed reports of significant molybdenum mineralization near the bottom of a 1,700ft hole drilled in the southeastern part of a large quartz stockwork zone.
Detailed review of down-hole geochemistry revealed that Hole 2 intersected a zone of strongly anomalous copper, fluorine, tungsten, and zinc starting at a depth of 1,600ft and continuing to bottom at 1,783ft.
This halo is characteristic of the upper parts of molybdenum systems and provides justification for deepening the hole.
According to the company, work is scheduled to begin in the next four to six weeks.
The Willow Creek prospect is located within the prolific northeast-trending Idaho-Montana porphyry belt, which includes major producing mines at Butte, Montana and Thompson Creek, Idaho, and a number of significant molybdenum resources.
