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Formation Metals Inc. reported that plans for the 2012 drill program at Virgin River have been approved. The Company have a budget of $2.15 million for the 2012 program and plan to drill 5-6 diamond drill holes and 2-3 wedge diamond drill holes.
As quoted in the press release:
A budget of $2.15 million for the 2012 diamond drilling and geophysical exploration program on the Virgin River Project has been approved by the joint venture. The 2012 program is expected to consist of 5 – 6 diamond drill holes and 2 – 3 wedge off-cut diamond drill holes.
Click here to read the Formation Metals Inc. (TSX:FCO) press release
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