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Buchans & Minco Receive Final Assays from Lundberg drilling, Buchans, Newfoundland

Buchans Minerals Corporation (BMC.V), together with Minco plc today announced the remaining assays from their recently completed drilling program on the Lundberg and Engine House base metal deposits in Buchans, central Newfoundland.

The 3 month drilling program was completed in October and consisted of 58 holes totaling 8,184 metres of drilling. Results for the final seven 7 holes of the program are now available and include additional favourable results confirming thick mineralization extending to depth within the resource's northwestern area, Buchans said.

Results from the northwest area include multiple thick intercepts that further confirm the resource in this key area including 43 metres averaging 2.37% combined base metals comprised of 0.15% copper, 0.69% lead, and 1.52% zinc in hole 3477. Highlights from the east margin of the Lundberg zone include an intercept of 37.7 metres averaging 1.01% combined based metals comprised of 0.23% copper, 0.15% lead and 0.63% zinc beneath 11.3 metres of overburden in hole 3482.

A second hole drilled in this area, 3483, also intersected mineralization immediately below overburden coring 16.55 metres averaging 1.79% combined base metals comprised of 0.26% copper, 0.42% lead and 1.11% zinc.

BMC is trading near a yr low.

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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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