LAST BUT NOT LEAST — Nucore, New Aegis plan merger

In July, shareholders of Nucore Resources and New Aegis Resources will be asked to approve an amalgamation of the two Vancouver-listed companies.

New Aegis shareholders would receive one share of the new company, to be called Norcan Resources, for every one share of New Aegis. Nucore shareholders would receive one share of Norcan for every one and a third shares of Nucore.

The juniors are associated by way of common management and are jointly involved in exploring the Nuevo Corazon de Jesus and La Trinidad gold properties south of El Dorado in Venezuela’s Bolivar state.

Trenching and auger drilling are under way to examine a large gold anomaly on the adjoining properties. About 5,000 metres of diamond drilling is scheduled for this summer.