Broulan results

Net earnings for the first nine months of 1988 for Broulan Resources (TSE) was $1 million or 15 per share compared to $694,961 or 10 per share for the first nine months of 1987.

At the main property in Timmins, Ont., the shaft dewatering and rehabilitation by Belmoral Mines Ltd. (TSE) has been completed to the bottom level at 2,500 ft. The initial plan called for deepening the shaft 1,000 ft and driving a new level about 6,000 ft to the east. However, time and cost factors have led to alternatives, which are currently being studied, for carrying out the deep exploration drilling program. Detailed diamond drilling of the C zone from the extension of the 500-ft level is establishing definition and continuity of the zone, with a grade that appears to be better than initially indicated, the company said.