Oceanus Resources Corp. (TSXV:OCN) announced the details of this year’s exploration program for its Mexico-based La Lajita gold property, commenting that field crews are currently preparing the drill sites, with exploration and drilling due to start in Q2.
The company also plans to conduct a private placement financing aimed at raising as much as $1,500,000.
As quoted in the press release:
Oretest SpA Drilling Services has been contracted to conduct the drilling. Priority drilling targets are the high-grade Santa Nino clavos and the Dos Hermanos zone, both of which returned excellent results from the first round of drilling in 2013. Continuity of the structure between these targets has been demonstrated from the combination of surface and underground channel sampling and diamond drilling. The objective of the 2014 proposed core drilling program is to test for high-grade gold both along strike and down dip at the Santo Nino and Dos Hermanos zones. Five to ten drill holes are planned for each target.