EXPLORATION — Nucanolan takes aim in B.C.

Nucanolan Resources (NCRL-C) has launched a drill program at the Lara polymetallic property on Vancouver Island, B.C.

The junior is earning a half-interest in the project from Laramide Resources (LAM-T) by spending $5 million on exploration and paying $500,000 in cash over four years.

The initial phase consists of eight diamond drill holes on the 262 zone, its down-plunge eastern extensions across Silver Creek, and the area between the 262 zone and the Coronation extension.

The property already hosts a resource of 580,000 tons grading 5.9% zinc and 1% copper, plus 0.14 oz. gold and 2.9 oz. silver per ton.

Situated in the same geological belt is Boliden’s 3,500-ton-per-day Myra Falls operation, production at which was recently halted.