Excalibur Resources Ltd. (CNSX:XBR) (Frankfurt WKN:A0MMDH) reports that it has arranged a non-brokered private placement. In connection with the Private Placement, the Company will pay an arm’s length finder a cash finder’s fee equal to 5% of the proceeds from the Private Placement. In addition, the Finder will receive an option (“Finder’s Option”) exercisable for a period [...]
Excalibur Resources reports the ongoing exploration program at Sturgeon Lake, northwestern Ontario. Excalibur’s Sturgeon Lake property is directly along strike and to the east of 6 VMS deposits that were mined between 1970 and 1991. A total of 19 million tonnes of ore was mined from these 6 VMS deposits with typical grades of 9% zinc, 1.5% copper, [...]
Nortec Minerals reports a signed agreement with Finnish based drill contractors to carry out the first pass exploration drill program on its Seinajoki gold project. The nominal 1,000 metre first pass exploration drill programme will focus on one of the five identified targets within the Seinajoki Gold Project. The priority target is the Marttalanniemi prospect in the north [...]
Nortec Ventures (CVE:NVT) announced today that they have identified two new targets on the company’s Kaukua project in Finland. According to the release, “Nortec believes that the Kaukua Project can host several large tonnage, PGE+Au-Cu-Ni deposits, similar to Goldfields’ Suhanko Project situated 80km to the north-west.” Click here for the full press release.
Fjordland Exploration reports it has received the results of 8 drill holes completed in October and November at the Woodjam JV, BC. During 2008, approximately 7,700 metres (m) in 18 holes were completed. Drill hole WJ-08-84, in the Southeast Zone, was deepened from 356.01 m to 485.0 m with the entire hole now returning 0.69% copper and 0.27 [...]
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