Cane Corp’s survey defines drill targets

An airborne geophysical survey has been completed by Cane Corp. on t he company’s claim group in Vezza Twp., Que. The survey located several targets warranting diamond drilling, the company says. Funds for the proposed work will come from Jonpol Explorations and Perrex Resources. The two companies can earn a 45% interest in the property by spending $200,000 on exploration.

An exploratory oil drill hole failed to intersect hydrocarbons in the Wordsworth area, Sask. Cane, which is active in oil and gas, has been granted a listing on the Alberta Stock Exchange.