While waiting for news on the US financial bailout package copper has dropped another 2 percentage points. Copper prices caught in a spiral of U.S. dollar strength, spreading economic slowdown, and long liquidation – analysts. Read the article here. A strike at Xstrata’s Kidd operations will impact copper cathode production. The London Metal Exchange (LME) [...]
Stingray Copper Inc. provided a metallurgical test program update for their El Pilar copper Project in Mexico. The testing has been carried out by Metcon Research Inc. and Noranda Mexico/Falconbridge. Stingray completed its program of 207 in fill drill holes at the El Pilar resource in June of 2008. Fifty nine of these drill [...]
East West Resource Corporation (TSX VENTURE: EWR) found copper at depth while drilling near Thunder Bay, Ontario, Canada at their Teck Hill and Gazooma locations. Marshall Lake Mining PLC (PLUS:MLM) is a 50% joint venture partner of the project. Hole TK-08-09 on the Teck Hill copper occurrence undercut historical drilling and intersected 50.5 metres of mineralization containing [...]
The Canadian based International Enexco (TSX Venture: IEC) has started a 5,000 metre phase one drilling program on their recently optioned Boston Claims project with an expectation to find copper, gold and silver skarn mineralization. The project is located in Elko County, Nevada. The recently optioned Boston Claims are located approximately 14 kilometers east of [...]
West Timmins Mining Inc. (WTM) reported on the drilling results of their wholly owned Montana de Oro project in Sonora, Mexico. They have extended the La Dura Copper zone to more than 1,000 metres along the north-south drill section. Copper mineralization has been intersected over down-hole widths of 61 to over 300 metres with grades ranging [...]
Agricola Resources PLC announced a loss of £77,539 in the first 6 months of 2008 as compared to the same time frame in 2007 where they lost £89,825. The major achievement of Agricola since the release of the 2007 Annual Report has been the completion of a maiden Inferred Resource estimate to JORC code reporting standard [...]
The most valuable listed mining firm in the Philippines, Philex Mining Corp, intends to spend $55 million buy out Ango American Pic‘s fifty percent share of their gold and copper venture. The buyout would leave Philex and its subsidiary, Philex Gold Inc. with one hundred percent ownership of Boyongan gold and copper mine. A feasibility [...]
Pacific Copper Corp. has agreed to purchase the Yerbas Buenas (Chile) copper oxide property. The property is located southeast of Copiapo, Atacama Region III, Chile. Yerbas Buenas is located roughly 20 km from the El Corral property, which was announced as a Company acquisition on July 8, 2008. The Yerbas Buenas property, which consists of [...]
Delta Exploration Inc. drilled 12 exploration diamond drill holes on the Falea Uranium-Sivler project in Mali and found signficant concentrations of copper. The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal Basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Delta owns a 40% interest in the Falea U-Ag-Cu project. Rockgate [...]
The drilling results from the first three diamond drill holes of Galore Resources Inc.‘s Taseko project has found 67.7 metres of 0.297% copper equivalent. The Taseko project is located southwest of Williams Lake, BC, Canada which is very close to Taseko Mine’s Prosperity project, a project reported to be Canada’s biggest undeveloped copper-gold deposit. The [...]
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