Porphyry copper deposits are among the world’s most valuable deposits. Here’s what investors should know about them.
By Nick Smith
Sprott US Holdings’ President and CEO, Rick Rule talks about the junior resource sector in 2016 and the year ahead, particularly on precious metals, copper, lithium and uranium.
Nevsun Resources (TSX:NSU) and Reservoir Minerals (TSXV:RMC) announced that Reservoir has closed the open right of first offer with Freeport International Holdings regarding the Timok project. The move beats out Lundin Mining’s (TSX:LUN) attempt to buy part of Freeport’s stake, and consolidates 100 percent ownership of the upper zone with
Reservoir Minerals (TSXV:RMC) announced results of a preliminary economic assessment (PEA) for its 45 percent owned Timok JV and Cukaru Peki deposit in Serbia.
As quoted in the press release, highlights of the PEA included:
High quality resource: The deposit comprises a copper-gold epithermal mineralised body, preserved under ~400m of sedimentary and volcanic
Reservoir Minerals (TSXV:RMC) provided an update on exploration drilling at its Cukaru Peki Deposit in eastern Serbia. Highlights included an intercept of 835.8 meters grading 1.05 percent copper equivalent.
As quoted in the press release:
Drill intercepts from 3 drill holes TC150060, TC150060a and TC 160066 through the porphyry mineralization are reported, and
Lundin Mining (TSX:LUN) has entered an agreeement to purchase an interest in Freeport McMoRan’s (NYSE:FCX) stake in the Timok project in Serbia. The Timok project is jointly owned by Freeport, who is operator, and by Reservoir Minerals (TSXV:RMC).
Brent Cook of Exploration Insights shares his thoughts on some of the companies he follows and what he’s expecting from the mining and metals markets next year.
Haywood Securities has released its Junior Exploration Report for the first quarter of 2016, including its revised watch list of junior miners.
Haywood Securities has released its Junior Exploration Report for the fourth quarter of 2015, including its revised watch list of junior miners.
At this year’s Sprott-Stansberry Vancouver Natural Resource Symposium, INN caught up with a number of industry executives and thought leaders. Here’s a look at the video interviews conducted at the conference.
Rick Rule weighs in on the gold price and discusses a company that recently reported one of the 10 best drill holes he’s seen in his career.