Parkside Starts Work at Optioned Properties, Announces Private Placement

Parkside Resources Corp. (TSXV:PKS) said that it has started prospecting, mapping, and sampling programs at its two recently optioned properties in Northwest Ontario.

The company also announced a $600,000 non-brokered private placement made up of 15,000,000 non-flow-through units and 12,000,000 flow-through units. The former are priced at $0.02 each and the latter at $0.025.

As quoted in the press release:

Previous work by other companies on the Wiggle Creek Gold Property has returned significant high-grade gold assays in surface sampling and diamond drilling, including historical grab samples of 78 grams per tonne (‘gpt’) of gold (‘Au’), and 15.5 gpt Au over an interval of 0.4 metres (true width unknown). The current prospecting program will focus on locating historic diamond drill holes and associated trenches, as well as locating and sampling other outcrops and trenches in the area. An additional focus will be on identifying and mapping the thickness and mineralization of iron formation packages on the Wiggle Creek Property. With regard to the Savant Lake Gold Property, the Company’s focus will be on the Snowbird Lake Vein, where it has been previously reported that assays of up to 24.88 gpt Au, including significant visible gold, have been located and traced along a strike length of 1,200 metres. Note, the consistency and continuity of these assays, as well the true thickess of the drill intercept, is not known. The proposed work program will provide a better range of assays which will be reported by the Company once received.

Click here to read the full Parkside Resources Corp. (TSXV:PKS) press release.