Abbastar Resources Corp. (TSX-V: ABA) has provided an update on the Talbot Lake gold project in Ontario. Abbastar has the right to earn a 100% interest in the project from Denison Mines Inc. The interest is subject to a 2% NSR, upon spending $7 million over 8 years.
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The company has been active in choosing the appropriate contractors and organizing related logistics to carry a 5,000 meter drill program at Talbot Lake. The management has also proposed a first phase program and budget which envisions a start date in the next 2-3 weeks and will continue for the next 3 months.
Abbastar Resources Corp., is a junior exploration company engaged in the business of identification, acquisition and exploration of mineral interests.
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