Caerus Mineral Resources plc said it had identified significant copper and gold mineralisation in the dump evaluation programme and general exploration of the Kalavasos project in Cyprus. EVALUATION Gold grades in particular were in 85% of all samples collected and returned anomalous grades. The company added that subject to metallurgical test work, the grades were […]
Tag: copper
Kavango renews LVR prospecting licences in KCB
Kavango Resources plc said it had renewed its prospecting licences PL082/2018 and PL083/2018, known as the LVR project, in the Kalahari Copper Belt (KCB), Botswana. ANALYSIS The joint venture between the company and local company LVR GeoExplorers (Pty) Ltd (LVR) has to date seen Kavango complete stage 1 of an earn-in to acquire 25% of […]
Caerus intersects significant gold-copper mineralisation at Pano Lefkara
Caerus Mineral Resources plc said that due diligence scout drilling had intersected significant gold oxide and copper-gold sulphide mineralisation at shallow depth on the Pano Lefkara licence in Cyprus. DRILL READY Drilling aims to confirm the results derived from historic exploration and ahead of starting a more detailed programme of work. Caerus has defined for […]
Altus completes final closing on NSR for Caserones copper
Altus Strategies plc has completed the second and final closing to acquire 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine in the Atacama region of northern Chile. Altus is acquiring the NSR interest for US$34.1 million through a strategic 50:50 partnership with EMX Royalty Corporation. Altus and EMX have created […]
Power Metal confirms further bullseye Cu-Au anomaly at Paterson
Power Metal Resources plc announced it had identified a bullseye magnetic anomaly on its conditional copper-gold acquisition projects in the Paterson Region of Western Australia. LICENCES The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include the Wallal, Braeside West and the Ripon Hills projects. In April 2021 Power Metal […]
Power Metal signs Pilot tungsten option
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 […]