Buchans Minerals Corporation (TSX-V: BMC)Basic Shares 112.1 million
Fully Diluted 120.6 million
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Late last year Buchans Minerals received assay results from a small, two hole drill program on its 100% owned Buchans North property located in central Newfoundland.
Both holes returned mineralization containing massive sulphides with values as high as 15.5% copper, 15.52% zinc, 214.8 grams per tonne of silver, 7.61% lead and 2.92 grams per tonne of gold.
With these results in hand, the company has been anxious to continue exploring this key property. Today the company announced that it will start drilling a 2,100 metre program beginning mid October. The drill program will be a minimum of 5 holes and will be completed this year.
The Buchans North property is located just a half kilometre away from the former Oriental Mine where 3.3 million tonnes averaging 14.18% zinc, 7.90% lead, 1.47% copper, 154.0 g/t silver and 1.96 g/t gold was mined between 1935 and 1983.
Further details and maps of Buchans North can be found by clicking here.
Full news release can be seen by clicking here.
Both holes returned mineralization containing massive sulphides with values as high as 15.5% copper, 15.52% zinc, 214.8 grams per tonne of silver, 7.61% lead and 2.92 grams per tonne of gold.
With these results in hand, the company has been anxious to continue exploring this key property. Today the company announced that it will start drilling a 2,100 metre program beginning mid October. The drill program will be a minimum of 5 holes and will be completed this year.
The Buchans North property is located just a half kilometre away from the former Oriental Mine where 3.3 million tonnes averaging 14.18% zinc, 7.90% lead, 1.47% copper, 154.0 g/t silver and 1.96 g/t gold was mined between 1935 and 1983.
Further details and maps of Buchans North can be found by clicking here.
Full news release can be seen by clicking here.
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