Friday, August 20, 2010

More Exploration Money to be Spent


Rainy River Resources will be spending almost $25-million over the next year on exploration activities in northern Ontario.

That's an increase of over $6-million from the last fiscal year.

Most of the money will be spent at its gold-bearing properties north of Barwick.

Three million will be used to explore of an area located 470 kilometres north of Pickle Lake, a project with Sudbury-based Northern Superior Resources