Saturday, May 19, 2012

Buchans announces Strategic Partnership with Minco plc

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• Minco can earn a 51% interest in the Buchans base metal properties by spending $8 million to advance the Lundberg project over 4 years
• Minco has paid Buchans $1 million for an exclusive 6 month option to evaluate the Woodstock manganese property
• Minco has made a $1 million private placement in Buchans for a 10% strategic share position 
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Buchans produces High Purity Manganese Electrolyte

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Buchans Minerals have successfully achieved leach recoveries on the Woodstock Manganese property in New Brunswick, Canada averaging 96.6% and have successfully produced a high purity manganese sulphate electrolyte, which is expected to produce high grade electrolytic manganese metal (EMM), based on Evan's Diagram predictions, at greater than 99.7% manganese content. + read more

Buchans Minerals Corporation
is a Canadian junior exploration company trading on the Toronto Venture Exchange under the symbol "BMC.V". The Company’s activities are focused on both exploration and pre-development of its base metals and manganese projects in Atlantic Canada.

Powerpoint & Fact Sheet

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