Toronto, Ontario (Newsfile Corp. - September 30, 2022) - Buchans Resources Limited (the "Company" or "Buchans"), a Canadian mineral exploration and development company, reports that the Collaboration
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Buchans signs agreement with Boliden to advance Buchans VMS project
Studying drill core at the Buchans mine in Newfoundland. Credit: Buchans Resources.
Canadian mineral exploration and development company Buchans Resources has entered into a collaboration agreement with Boliden Mineral AB, a European-based mining and metals producer.
Under the agreement, Boliden will evaluate Buchans’ wholly-owned Buchans volcanogenic massive sulphide (VMS) base metals property in central Newfoundland, 56 km southeast of Deer Lake.
The agreement is “a little like an engagement to see if the parties are compatible before they get married,” says John Kearney, Buchans’ chairman and CEO.
“Boliden has extensive experience of developing VMS deposits with very similar geology to that found in Newfoundland, and so are uniquely qualified to help us advance the Buchans VMS project,” he said in an interview.