Audrey Resources has arranged financing totalling $8 million which will be used to fund exploration of the company’s Mobrun property in Quebec. Work will include additional underground evaluation, expected to be completed by June. Upon completion, Audrey will be in a position to make a production decision.
Bulk sampling of the Mobrun ore is expected to generate income of $3 million to the end of January, Audrey says. Mobrun is a base metals deposit with appreciable precious metal content. Milling takes place at Falconbridge’s Norbec mill.
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