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. [...]
Tarsis Resources Ltd. (CVE:TCC) reports assay results from its completed diamond drilling program at MOR property, southern Yukon. Two holes totaling 443.83 meters were drilled by Top Rank Diamond Drilling under the supervision of Archer Cathro & Associates (1981) Limited. Drilling intercepted massive, semi-massive and heavily disseminated sulphides. For complete news release, click here. For Tarsis company profile, click [...]
Fears that the economic recovery is about to stall caused bell weather copper to fall its most in five weeks.
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 [...]
Copper climbed to a one-week high as a declining greenback spurred international demand for the metal.
Copper plunged to a near two-week low Tuesday, as investors worried that the recent rally has been overdone. Benchmark copper for three-month delivery on the London Metal Exchange traded at $7,250 a tonne from $7,425 at the close on Monday.
Zimtu Capital Corp. (CVE:ZC) reports acquisition of the Day copper-gold porphyry property, British Columbia. The project is located in the Toodoggone region, an area which has seen a significant increase in mineral exploration for copper, gold, and silver deposits in recent years. For complete news release, click here. For Zimtu Capital’s company profile, click here.
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 [...]
Tarsis Resources (CVE:TCC) reports an update on mineral exploration being carried out on its Prospector Mountain project, Yukon. Silver Quest today reported that it had received assays from 84 select prospecting samples collected from the Bonanza Zone at Prospector Mountain, along with 221 soil samples from the same area. Silver Quest’s sampling program returned two select rock [...]
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.
Wednesday, September 1, 2010