Rencore Resources Ltd. announced Aug. 18 the company has started exploratory diamond drilling in claims found in the Ring of Fire area.
The company is drilling on eight drill targets located near Webequie First Nation. The area is set in the Ring of Fire, a region in northern Ontario considered to be high in mineral content.
Rencore and Webequie signed an exploration agreement in June 2011, allowing the mining company to do exploratory drilling. The claims are located about 30-60 kilometres northwest of the community. Rencore said the claim has a number of chromite deposits as well as other metal deposits.
The drilling is taking place in half of the company’s targeted claims in the Ring of Fire area. The other half is located within the territory of Kasabonika Lake First Nation, where the parties are continuing negotiations.
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