Bacanora (V.BCN) pleased with Mexico lithium values

Stockhouse Editorial
0 Comments| August 20, 2013

Bacanora Minerals Ltd. (TSX: V.BCN, Stock Forum) released more drilling results Tuesday from its Fleur and El Sauz concessions in northern Mexico.

The Calgary company said the latest batch of results includes the last 6 holes of the 10-hole, 1,475 metre drill program.

The two concessions form the lands under joint venture with Rare Earth Minerals Plc.

“We are very pleased with the lithium values obtained in the remaining holes,’’ said Martin Vidal, President of Bacanora in a press release.

Bacanora shares were unchanged Tuesday at 21.5 cents, leaving the company with a market cap of $13.6 million, based on 63.3 million shares outstanding. The 52-week range is 49 cents and 13 cents.

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