Colorado budgets C$4M to expand stake in KSP

Colorado Resources Ltd. May 11 said it has made a final cash payment of C$150,000 and completed C$6 million of work at KSP, satisfying an agreement with SnipGold Corp., a subsidiary of Seabridge Gold Inc., to earn an initial 51 percent interest in the northern British Columbia gold property, a stake it hopes to increase to 80 percent by the end of the year.

After completing a detailed review of th...