The Arcadia Bay (CO-31) gold project is on the Coronation Gulf, ~20km west of Gray's Bay. Arcadia Bay has a barge landing in place with direct access to tidewater. The property has an extensive exploration history, with more than 380 holes totaling 30,000 metres already drilled, and a significant historical mineral resource in place.
WKG is planning a significant drill program to define modern resource and advance project towards a preliminary economic assessment ("PEA").
The program will focus primarily on confirming historical resources at the North Central vein. The Fred, GHX, North South, and Sidewalk veins are also planned targets.
This property is comprised of two separate areas, the Wolf Lake Block and the Mistake Lake Block, located 10-15km south and east of the Arcadia Bay property. Sporadic exploration programs from the 1960’s through 2006 have identified widespread mineral occurrences, all of which include gold showings in addition to copper and other base metals