UPDATE: Buchans Reports "Encouraging" Drill Results from Lundberg; Stocks Rally But Still Short of Year Highs


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Buchans Minerals Corporation (BMC.V) announced further "encouraging" results from their recently completed drilling program on the Lundberg and Engine House base metal deposits in Buchans, central Newfoundland, Canada.

New assays from this northwest area include hole H-3475 that intersected 134.8 metres averaging 4.96% combined base metals, including 56.8 metres averaging 8.33% combined base metals.

Hole H-3473, also drilled on this corridor, intersected 155.7 metres averaging 1.59% combined base metals, including 55.0 metres averaging 1.99% combined base metals.

BMC has climbed 33% to $0.04 but is still well below year high $0.12. About 456,000 BMC shares have changed hands.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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