StoneShield Capital Corp. (TSX VENTURE:STS) reported today that the Company signed a Letter of Intent pursuant to which StoneShield has been granted an option to earn a 100% interest the Cumarál gold/copper porphyry project located in the Sonora State, Mexico.
Seabridge Gold (TSX:SEA)(NYSE Amex:SA) announced that the environmental permitting process for its 100% owned KSM Project in northern British Columbia is proceeding on schedule.
Augusta Resource Corporation (TSX:AZC)(NYSE Amex:AZC) has been advised by the United States Forest Service (USFS) of the new timeline for completion of the Draft Environmental Impact Statement and the final Record of Decision for the Rosemont copper project.
Otish Energy Inc.(TSX VENTURE:OEI) has entered into a property purchase and sale agreement with Val-D’Or, Quebec, to acquire a 100% interest in 18 mineral claims forming the Lac Des Coudes Property in the Bourbon Township, Lac-St-Jean Area of Quebec.
Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) today reported that a recently completed induced polarization geophysical survey on its Kena Gold-Copper Property has identified a new, high priority geophysical target.
Coro Mining Corp. (TSX:COP) today announced results from a 6 hole 1,059m RC drilling program at the company’s wholly owned Llancahue property. This site is located 38km south west of the city of Talca in central Chile.
On Wednesday South African Miner Metorex said that its mine in Congo would produce 36,000 tonnes copper per year. There would also be 5,000 tonnes of cobalt in the longer run.
On Wednesday, Copper rallied to its highest level in 14 months. The dollar continues to fell and the equity market bounced back.
On Monday, Copper rallied to its highest level in 13-1/2 months. The weakening of the dollar lead to additional support.
On Monday, Chile based Codelco [CODEL.UL] has raised term premiums for refined copper. For delivery to China in 2010 it has been revised by $10 per tonne to $85 per tonne. For shipments to South Korea and Japan for next year has also been raised by $10.
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