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Northern Continental Resources Inc. Announces Diamond Drilling on the Russell Lake.

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M2 PRESSWIRE-18 July 2007-bellwetherreport.com: Northern Continental Resources Inc. Announces Diamond Drilling on the Russell Lake(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:18072007

The recent press release from Northern Continental Resources Inc. (TSX-V: NCR) activated the Bellwether Report research mechanism so that we could offer you an insight in the company's progression. At the closing Bell on Monday 16th June, the company finished even at $ 0.53 with an overall volume of 19,500. With the major indexes closing mixed this Monday, investors digested further deal making news and some positive economic readings with the lingering housing sector qualms that left valuations on exposed grounds. Within the parameters defined for this week, our researchers took a surgical stance on Northern Continental Resources Inc. and have dissected the main facts of their latest news.

Northern Continental Resources Inc. ("NCR") and Hathor Exploration Limited (TSX-V: HAT) ("Hathor") announced that a diamond drill has been mobilized to the Russell Lake uranium property and drilling has started. The Russell Lake project is a joint venture, with 60% interest to NCR and 40% to Hathor.

Monday's financial news was largely subjugated by rumors of a huge $160 billion bid on the telecommunication industry which boosted the Dow Jones Industrials to a new level. The Dow closed up 40.89 points to...