Amblin Res. to drill Lyndhurst

A proposed financing will provide funds for Amblin Resources (AX-A) to drill the Lyndhurst copper-lead-zinc-gold property, a past producer near Rouyn-Noranda, Que.

Yorkton Securities is arranging the financing on a best-efforts basis and, subject to due diligence, hopes to raise up to $2.25 million by offering up to 3 million units through a prospectus. Each unit will consist of one share and half a share purchase warrant.

The bulk of the funds will be directed at Lyndhurst, which was explored in the past by a unit of Noranda.

Amblin says initial drilling will explore an area below the mine where a gravity anomaly and a down-hole geophysical anomaly coincide at depths of between 400 and 910 metres.