NEWS
MINERALS   Copper  

Murchison now owns 100% of the HPM project in Québec

Murchison Minerals (TSXV: MUR) announced this week that it is now the sole owner of the HPM nickel-copper-cobalt project in Québec, following its acquisition of Pure Nickel's 50% interest in the project.

To be able to complete the transaction, Murchison had to make a $50,000 payment and issue 500,000 common shares of the company to Pure Nickel (TSXV: NIC).

HPM stands for Haut Plateau du Manicouagan.

The HPM property, whose full name is Haut Plateau du Manicouagan, consists of 51 claims covering 2,726 hectares. It is located approximately 290 kilometres north of Baie-Comeau and 180 kilometres north-northwest of Sept-Îles.

HPM is underlain in part by the composite Gabbro Est intrusive which, according to the Toronto-based miner, hosts several grassroots nickel-copper-cobalt showings.

"Significant historical prospects were found by Falconbridge Ltd. ("Falconbridge", now known as Glencore) and include: Barre de Fer (1.74% Ni, 0.90% Cu and 904ppm Co over 43.18 metres from the 2008 drill program) and the PYC showing (0.59% Ni and 0.93% Cu from surface grab samples and 15.3 metres of disseminated to semi-massive sulphides grading 0.28% Ni, 0.14% Cu and 626 ppm Co from a single hole drilled by Xstrata Nickel in 2000)," Murchison said in a media brief.

News No: 3882
Date: 2019/03/07 - 19:40
News Source: MINING.COM

Murchison  HPM project  Minerals  cobalt  Copper 

Comments:

Leave a Comment:

   
   
   
 

Polish Audit Office blasts KGHM acquisition of Chilean copper mine

Poland’s Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2B) managing the operation and the ore processing plant in the last three years.
 

Pan African Minerals’ $2.2B claim over giant manganese deposit contract dismissed by court

Pan African Minerals, a unit of Timis Mining Corp., won’t resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company’s $2.2 billion claim against the West African nation.
 

The Production Program of 2018-2019 Implemented

Me-Metals – Saad Abdi – Planning and Observation Manager of National Iranian Copper Industries Co. (NICICO) said: With maximum production, execution of developmental plans, localization and making use of the experiences of the predecessors at the four main axes of the copper company, we have been able to implement the production program of 1397 - the solar year - (equal to half of 2018 and half of 2019).
 

LME launches seven new contracts to try to boost volumes, profit

The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.
 

Luxfer’s acquisition of Neo Performance falls through

Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.
 

Newcrest grabs majority stake in Canadian copper-gold mine

Australia’s largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals’ (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world’s top bullion miners to get even bigger.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners