Power Metal Resources plc has signed a strategic option agreement to acquire a 100% interest in the tungsten-copper-silver-zinc Pilot Mountain project in Nevada. EXPLORATION The 5,908-acre project comprises four existing mineral deposits of Garnet, Good Hope, Gunmetal and Desert Scheelite which all hold “significant skarn-style tungsten-copper-silver-zinc mineralisation”. Pilot lies 200km southeast of Reno and hosts a […]
Tag: copper
Cornish Metals extends strike length of United Downs lode
Cornish Metals Inc said it had traced the known strike length of the UD lode, formerly known as the Lithium lode, to more than 200m at the United Downs project in Cornwall. The company added that the mineralisation remained open along strike. The UD lode has been intersected in five of the six drill holes […]
Caerus agrees Troulli JV and review of Cyprus projects
Caerus Mineral Resources plc said that the Troulli copper project in Cyprus had been selected for a joint venture with Bezant Resources plc. TROULLI The two companies will hold site meetings during the first two weeks of September to review the project comprising the Troulli, Kokkinapetra and Anglisides licences. The partners will also agree a programme for diamond drilling […]
Altus completes first closing on NSR for Caserones copper
Altus Strategies plc has completed the first closing of its agreement to acquire an effective 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine located in the Atacama region of northern Chile. AQUISITION The mining royalty company is acquiring the NSR interest for $34.1 million through a strategic 50:50 partnership with […]
Tertiary optimistic over Brunton Pass copper results
Tertiary Minerals plc announced further results of copper and gold in rock samples taken at its 100% Brunton Pass copper project in Nevada, USA. FINDINGS Tertiary has staked 24 mining claims with copper mineralisation across a 1km x 0.6km target area. Rock samples taken from the northern half of the claim block contain up to […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]