Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Message: In the BC neighbourhood -related off topic
Spinco approved for Nova - Galore decision must be close for Teck or will CUU get in first :)-
NovaGold shareholders OK copper spin-out TSX-listed NovaGold shareholders on Wednesday gave a big thumbs up to the spinout of NovaCopper, with less than 1% of them voting against the deal at a meeting in Vancouver. The deal, first announced in November, is expected to close by the end...
By: Matthew Hill
29th March 2012
Flaherty's Budget leaves mining industry mostly smiling![]()
Canada Finance Minister Jim Flaherty on Thursday announced another year’s extension to the 15% tax credit for investing in mineral exploration, much to the delight of the industry. Also pleasing to resource developers, in a Budget that placed...
By: Matthew Hill
30th March 2012
TORONTO (miningweekly.com) – Seabridge Gold has optioned its Red Mountain project in British Columbia to Banks Island Gold to focus on its two other assets in Canada, the companies said on Thursday.
To get 100% of Red Mountain, Banks Island must pay Seabridge a total of four-million shares and $11.9-million in cash by February 2015.
Of this, $900 000 and the scrip portion are payable once a definitive agreement is signed – Thursday’s announcement was made on the basis of a letter of intent.
Red Mountain has measured and indicated resources of 400 000 oz, compared with the hefty 49-million ounces Seabridge has at its Flagship KSM project, also in British Columbia, or the nearly eight-million at the Courageous Lake deposit in the Northwest Territories.
Banks Island, which debuted on the TSX-V in October, owns two projects in the north-west coastal region of British Columbia.
With 17-million shares in total, Seabridge will own nearly 20% of the company.
Edited by: Creamer Media Reporter
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