What Investors Need to Know About Porphyry Copper Deposits
Porphyry copper deposits are among the world’s most valuable deposits. Here’s what investors should know about them.
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Porphyry copper deposits are among the world’s most valuable deposits. Here’s what investors should know about them.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 3, 2016) – Entrée Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) (“Entrée” or the “Company”) is pleased to announce that it is currently evaluating options to potentially restructure its business, which may include splitting synergistic assets into two separate publicly traded companies.
Entrée’s principal assets include a 20% carried
Skarns, or silicate-rich metamorphic rocks, can host valuable deposits of copper and other minerals. Here’s a brief overview of this type of deposit, with a few examples from around the world.
Other big gainers on the TSX last week were Silvercorp Metals, Entree Gold and Kinross Gold.
Entrée Gold Inc. (TSX:ETG,NYSEMKT:EGI) announced that they have appointed Stephen Scott as interim CEO.
Entrée Gold Inc. (TSX:ETG,NYSEMKT:EGI) announced its interim operational and financial results for the third quarter ended September 30, 2015.
Entrée Gold Inc. (TSX:ETG,NYSEMKT:EGI) announced they have updated the preliminary economic assessment for the Ann Mason Project located just 7 kilometres west of the town of Yerington, Nevada.
The S&P TSX Composite index closed Friday at 13,339.74 points after reaching an October 2013 low earlier in the week.
Timmins Gold was the top gainer on the TSX last week. It was followed by International Tower Hill Mines, Newmarket Gold, Orocobre and Ivanhoe Mines.
Visual Capitalist released an infographic on Entrée Gold Inc. (TSX:ETG,NYSEMKT:EGI) which is developing the Ann Mason Project in Nevada and the Lookout Hill Project in Mongolia.
The top gainer on the TSX last week was Golden Queen Mining. It was followed by Entree Gold, IAMGOLD, Torex Gold and Kinross Gold.
First Quantum Minerals was the top gainer on the TSX last week, followed by Richmont Mines, Paladin Energy, North American Palladium and NGEx Resources.
By Pia Rivera
Entrée Gold (TSX:ETG) released an updated PEA for its Ann Mason copper-molybdenum porphyry deposit in Nevada: IRR of 15.8%, mine life of 21 years, development capital costs of approximately $1.35 billion, and an LOM average copper recovery of 92%.
The top gainer on the TSX last week was Eco Oro Minerals. It was followed by SouthGobi Resources, Newmarket Gold, Northern Dynasty Minerals and Avnel Gold Mining.
Dundee Precious Metals, Stornoway Diamond, NovaGold Resources and St. Andrew Goldfields also experienced share price gains.
By Pia Rivera
Entree Gold (TSX:ETG) reported and filed its interim operations and financial results for the quarter: as at June 30, 2015, the Company reported a working capital of US$27,346,585, including cash of US$27,375,691.
By Pia Rivera
Entrée Gold Inc. (TSX:ETG) entered into a binding Letter of Intent with Candente Copper Corp. for 0.5% net smelter returns royalty on the Cañariaco project in Peru. The purchase price for the Royalty is US$500,000.
Entree Gold Inc. (TSX:ETG,NYSEMKT:EGI) announced that Anna Stylianides has been appointed to its board of directors.
Entree Gold (TSX:ETG) reported results from its annual general meeting of shareholders, held on June 29. All matters submitted to shareholders were approved, including the election of six directors of the company.
Entree Gold (TSX:ETG) reported that the Government of Mongolia has signed the Oyu Tolgoi Underground Mine Development and Financing Plan. The Government of Mongolia is Entree Gold’s joint venture partner, together with Turquoise Hill Resources Ltd. (TSX:TRQ,NYSE:TRQ) and Rio Tinto (NYSE:RTP).
