A commerical production decision is expected on Audrey Resources’s optioned Mobrun property near Rouyn, Que., once an $8 million exploration program is completed this June, reports president Guy Hebert.
A total budget of $11.5 million has been set by Audrey for exploration this year. Of that amount, $2.5 million came from a public issue via Audrey Partnership (1986) and Company Ltd. Another $6.25 million was raised through five separate private placements. A further $3 million was raised from the sale of ore from the bulk sample at Mobrun during the period from October to January.
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