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Tag: reservoir minerals

Nevsun, Reservoir Minerals Close Right of First Offer on Timok

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

Lundin Mining Releases First Quarter Results

Toronto, April 27, 2016 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) today reported cash flows of $42.9 million generated from operations in the quarter, not including the Company’s attributable cash flows from Tenke Fungurume. A net loss attributable to Lundin shareholders of $22.1 million ($0.03

Reservoir Mineral Releases PEA for Timok Project

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 Drills 835.8 Meters of 1.05 Percent Copper Equivalent

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

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