Gondwana Oil Corp. (CSE:GO) has entered a letter of intent in order to acquire an 80 percent interest in the Berehaven Copper Mines from Westcork Copper Mining Company. The historically producing mines are located in the Allihies Mining District, County Cork, Ireland.
As quoted in the press release:
Westcork has successfully consolidated the entire district including 5 historic mines – the Mountain, Dooneen, Kealogue, Caminches, and Coom Mines.(“the Mines”),Westcork holds 65.25 Sq Km under its permits. Historical figures of estimates of mined material from these mines range from 962,000 tonnes to 1,219,000 tonnes with grades ranging from 2.3% to 3.0%. The average historical copper grade for the ore zone at the Caminches mine, which varied in average width from 2.4 to 4.0-meters, was reported to be 10% along a 174-meter vertical section, (Mathews 1964). Between 1813 and 1913, published figures indicate that 290,170 tonnes of concentrate were produced from the Allihies mines, yielding 28,615 tonnes of copper metal. (1 metric tonne = 2,204.6 lbs).
|Los Andes Copper Ltd. (TSXV:LA) is the largest undeveloped copper project in South America not controlled by majors with excellent local and regional infrastructure: water, power, smelters and ports. Connect with Los Andes Copper to instantly receive their next catalyst.|