Lions Gate Metals Inc. (TSX VENTURE:LGM) announced that the company has entered into a binding letter of intent (“LOI”) with Firesteel Resources Inc. to acquire a 75% interest in the ROK-Coyote mineral property situated in the Stikine Arch region of northwestern B.C.
On Thursday, Copper prices ended sharply lower,hitting a three-week low as the dollar rose.
Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI)announced the results of hole J09-1B drilled on section 450 W on the Jonpol property near Amos, Quebec.
On Thursday,Copper prices ended sharply lower hitting a three-week low as the dollar rose.
On Thursday, Kazakh metals announced that the company will launch a new copper facility this year with a capacity of 70,000 tonnes a year.
Nevada Copper (TSX: NCU) reported this morning that new infill drilling has returned results including 31.1m of 2.45% copper.
International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) reported that the company has commenced diamond drilling operations on its Jason Property near Harrison Lake, in southwestern B.C.
On Tuesday, U.S. copper futures ended up over 2 percent buoyed by expectations of stronger Chinese demand and fresh investment flows into the broader metals complex.
After a volatile day, US Copper closed up 2 per cent on Tuesday; as optimism about demand from China combined with confidence from international investors to compensate for a rising greenback and increasing stockpiles.
Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6)reported that the company has completed its due diligence and technical reviews of the Tepal Gold-Copper Project, Mexico of Arian Silver Corp. and delivered notice to Arian of the Company’s election to proceed with an Option to Purchase a 100% interest in the Project subject to execution of a definitive agreement between Arian and Geologix.
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