Noranda look like
posted on
Jun 02, 2010 10:59AM
Yes, a BIG HIT and only more big hits are coming
We are very pleased to have retained Tucker Barrie as one of our consultants for the McFaulds Lake Project. His extensive experience in similar camps (Kidd Creek Mines/ Falconbridge/ Noranda ) will be a great addition to the MacDonald Mines' technical team.
I see many times in last news name Noranda , make some googling and find this about Noranda:
The Brunswick lead/zinc mine, located 35km southwest of Bathhurst, New Brunswick, was formerly owned and operated by Noranda. In June 2005, Noranda merged with its 59%-held subsidiary, Falconbridge, with the ‘new Falconbridge’ being taken over in mid-2006 by the Swiss-based company, Xstrata . Brunswick now operates within Xstrata’s zinc division, producing lead and zinc concentrates with byproduct copper, silver, gold, bismuth, antimony and cadmium.
Employing around 800 people, Brunswick treats about 3.6Mt/y of ore, and is the world’s largest underground zinc mine with a cumulative output to the end of 2005 of over 110Mt of ore . Its output is refined at the company’s Brunswick lead smelter and at the CEZinc refinery. The mine was to be depleted by the end of 2010 . However, in the first quarter, Xstrata announced that operations will be extended by to 2011.
The ore is contained in up to ten massive sulphide lenses within folded and uplifted lead-zinc, pyrite and copper zones. The metals occur as extremely fine-grained mixtures of chalcopyrite, galena, sphalerite and pyrite, together with gold, silver and other metals.
At the end of 2009, proven reserves totalled 6.2 Mt grading 0.4% copper, 8.4% zinc , 3.4% lead and 104g/t silver. Probable reserves stood at 2.2Mt grading at 7.6% Zn, 3.0% Pb, 0.3% Cu and 84g/t Ag.
Now when I look all facts I am even more sure that this is Big Hit and really Big! BMK actually hit more than 1% Cu and they will also have lot of Zn. Guess who can knock on BMK door, of course Xstrata, great hit for all ROF players, ROF is very reach with all metals. Now you know why maybe even now BMK has take over offer on the table, because maybe FNV wants this find to acquire before end 2010 when Xstrata is done with this Noranda property! It is all great!
GLTA!