PhosCan & Baltic advance Martison

摘要

CANADA'S PHOSCAN Chemical Corp. and Baltic Resources Inc. recently announced the start of the 2008 winter work programme at their jointly owned Martison phosphate project located approximately 70 km northeast of Hearst, Ontario. PhosCan, as operator of the joint venture, said it will conduct a major Cdn$6.5m (US$6.5m), 80 hole drilling programme focused on moving the project towards a bankable feasibility study. The joint venture parties intend to immediately commence the feasibility study upon completion of the pre-feasibility study, which is expected by early March 2008m, PhosCan added.