The company said it has permitted up to 20 drill holes totaling 10,000ft.

This drill program will focus on verifying the gold resource that has been discussed in the reports associated with the A&P mine and surrounding area.

The planned holes will be drilled into the known mineralized structures, focusing on infill drilling between the open cuts and beneath the current underground workings.

Additionally, geological mapping, geochemical sampling and an IP resistivity survey are planned for a second target area to the east of the A&P mine in order to establish whether gold mineralization exists along strike of the shear zone and intersects subsidiary crosscutting structures beneath the glacial moraine deposit.

Steele CEO Scott Dockter said Mineral Hill is the first of many projects the company plans to explore.

"The company is currently working to collaborate with a strong investment banking firm in order to further explore this project, as well as develop opportunities of additional acquisitions of other natural resource projects with near term production potential," Dockter said.