- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Karmin Releases Update on Aripuanã Zinc-Lead-Copper-Silver-Gold Project
Karmin has a 30 percent interest in the project in Brazil, which is being developed by 70 percent partner Nexa Resources.
Karmin Exploration (TSXV:KAR) has released a progress update on its 30 percent-owned Aripuanã zinc-lead-copper-silver project in Mato Grosso state, Brazil.
The remaining 70 percent of Aripuanã is directly or indirectly owned by Nexa Resources (TSX:NEXA), which is responsible for all project costs at this time, and until 12 months after the completion of a feasibility study and news the mine will proceed to production.
As highlighted in the press release:
- Karmin is advised that expenditures during the first quarter of 2018 by Nexa totalled US$2.9 million with;
• US$0.8 million spent on approximately 2,000 metres of drilling to extend the Link and Arex deposits plus infill drilling at Babaçu and
• US$2.1 million on engineering, environmental and geo-mechanical studies.
- Karmin understands that an update to the mineral resource dated December 23, 2016 is expected in the second quarter of 2018.
- As previously reported SNC Lavalin has been contracted, by Nexa, to develop a feasibility study on Aripuanã with completion expected in the second half of 2018. Karmin has been advised that the feasibility study was approximately 58 percent complete at the end of March 2018.
- Estimated 2018 expenditures to advance Aripuanã total US$25.5 million and include;
• Exploration; US$5.5 million and
• Capital expenditures; US$20 million.
Click here to view the full Karmin Resources (TSXV:KAR) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.