Supreme Resources(CVE:SPR) reports a non-brokered private placement financing to raise gross proceeds of up to $400,000. Proceeds of the Private Placement will be spent on the Company’s TAS and Verde Projects located in the Copper Mountain Mining Camp near Princeton, British Columbia and the Ample-Goldmax Property located near Lillooet, British Columbia and for general working capital. [...]
Franconia Minerals Corporation (TSE:FRA) reports results from the 2010 drilling program completion at the Birch Lake deposit, Minnesota. All drill holes are located on the margin of the Birch Lake deposit and were stepped out approximately 500 feet from previous holes. Brian Gavin, President and CEO of Franconia Minerals says: “We are very pleased with the results from [...]
Opawica Explorations (TSE:OPW) reports its completion and its filing on SEDAR, a Preliminary Scoping Study, regarding its Atikwa Lake gold and copper project located near Kenora, Ontario. The preliminary economic analysis from the Study indicates positive preliminary economic considerations for an initial 1000 tpd operation consisting of Capital Costs of $9,850,000, sustaining capital of $6,000,000, overall pre-tax cash flow [...]
Supreme Resources (CVE:SPR) reports that the diamond drilling is slated to begin on its Copper Mountain properties. The diamond drilling will be testing previously identified geochemical and geophysical targets on both the Verde and TAS projects. For complete news release, click here. For Supreme Resources’ company profile, click here.
RGJ.com reports Nevada Copper (TSE:NCU) will be giving an update on its Pumpkin Hollow project. The Nevada Copper website further says, “Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totaling 5.6 billion pounds of copper, plus additional Inferred Resources of 3.7 Billion pounds of Copper (all using a 0.2% [...]
Constantine Metal Resources (CVE:CEM) reports results for the first three drill holes for the 2010 drill program. The Project, which hosts a 4.12 million tonne inferred resource grading 2.01% copper, 4.79% zinc, 0.30 g/t gold and 31 g/t silver (using an NSR cut-off of US$75/t), is located in a very accessible part of southeast Alaska with good [...]
Copper dropped on Tuesday, marking the first time in five days that the metal treaded into negative territory. Copper for delivery in three months fell $91, or 1.2 percent, to $7,419 a metric tonne at 10:07 a.m. on the LME.
Tarsis Resources Ltd. (CVE:TCC) reports that it has made a new grassroots copper, gold and silver discovery in Yukon. Rock specimens were collected with visible sulphide mineralization and alteration and assays confirmed the presence of strongly anomalous copper, gold and silver values, including one select prospecting sample containing 4.41 g/t gold, 0.47% copper and 391 g/t [...]
Copper enjoyed a welcome relief rally last week; but on Tuesday, the recovery was snapped as negative consumer sentiment sent equities across the US and Europe downward.
Copper surprised analysts Tuesday, recovering from Monday’s losses. Copper prices dropped on Monday, over concerns regarding China’s demand for the base metal.
Wednesday, September 1, 2010