News & Analysis » Canada
Aptilon Corporation, Advanced Explorations Inc., Cadillac Ventures Inc., Greenock Resources Inc.,Duran Ventures Inc. news briefs
By eResearch
Aptilon has obtained a $1,000,000 loan from FIER CPVC-Montreal LP. The 12% demand loan is secured by a lien on Aptilon‟s accounts receivable, inventory, and certain shortterm assets.
Advanced Explorations has published an update on the Company‟s recent field programs, the Alaska Iron Sands project, and the due diligence process of the China XinXing Pipes Group, which included a recent visit to the Roche Bay and Tuktu deposits in Nunavut, and meetings with government and the Inuit.
Drilling has commenced on Cadillac Ventures‟ Thierry Mine project at Pickle Lake, Ontario, for a minimum of 5,000 metres. The program will target three areas: (1) Drill testing the tooth area at depth (where deep holes encountered mineralization but where a wide gap was left between the holes); (2) step-out drilling to the eastern end of the known mineralization; and (3) a high mag/em anomaly to the southeast of Ponsford Lake.
Cadillac recently completed a prospecting and exploration program, with assay results pending, on the Burnt Hill property, a 51%-owned tungsten tin project that comprises a land area of about 2,000 acres near Fredericton, New Brunswick.
Positive discussion has been ongoing between Greenock‟s wholly-owned subsidiary PTM Minerals (Cayman) with its joint-venture partner G?camines and the Ministry of Mines in the Democratic Republic of Congo, on the development of the Kakanda tailings and hardrock concessions in the DRC. Recent talks focused on defining the framework for an agreement for the development of the entire Kakanda project.
Duran has mobilized a crew to the Ichuna project in the Department of Moquegua in southern Peru to conduct a detailed mapping and sampling program. An extensive geophysical survey by VDG del Peru S.A.C. has been initiated, including 28 line kilometres of induced polarization and 104 line kilometres of magnetic, spectrometry and differential GPS.
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