CMC Metals Ltd. Announces Black Horse Mine ownership Transfer
Investing News Network - March 1st, 2011
CMC Metals Ltd. (CVE:CMB) reports that it has acquired a 50 percent ownership in the Chesco claims located in Esmeralda County, Nevada.
CMC Metals Ltd. (TSXV:CMB) reports that it has acquired a 50 percent ownership in the Chesco claims located in Esmeralda County, Nevada.
The press release is quoted as saying:
Currently the Chesco claims have an open pit that exposes a 30 foot wide by over 1000 foot long structure. Four benches have been developed to access the mineralized zone and stated by Pruett Ballarat Inc. (“PBI”) to contain over 100,000 tons. Past mining at the Black Horse Mine included 3000 tons at a grade of 0.5 percent tungsten and 0.5 percent molybdenum was processed at the Pine Creek mill in 1956.