The company said that a minimum of 2,000m will be drilled in this program, to test multiple targets, as the property hosts stratiform chromite horizons and magmatic massive sulphides in Menarik ultramafic intrusion, nickel-copper concentrations in the altered zones, gold targets and mineralized felsic volcanic on the edges.
All the core samples will be prepared and submitted to ALS-Chemex in Val-d’Or, Quebec for analysis.
Everett can earn a 50% interest in the Menarik property held by Pro-Or Inc (Ressources Minieres) by issuing 4.5 million common shares to Pro-Or over two years and incurring $5m in exploration and development work on the property over a period of three years.
