The Summer Drilling Program has begun at the Golden Promise Project in Newfoundland for Crosshair Exploration and Mining Corp. (AMEX: CXZ and V: CXX).
The Golden Promise Project is host to the Jaclyn Zone, a gold mineralized composite vein system defined over a strike length of 750 meters and to a depth of 225 meters.
A total of 2,945 meters of drilling in 19 holes are planned for the Jaclyn Main Zone. The drilling is designed to expand the higher grade portion of the zone identified in previous drill programs. Further, the goal is to firm up resources in the near surface portion of the vein to allow incorporation into a 43-101 resource estimate planned for release later in 2007.
The expansion holes in this drill program will follow up on positive results from the previous drill program, which intersected some of the highest grades at depth thus far.
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