Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) announced on Wednesday continued infill drilling results from the copper-gold El Domo deposit in central Ecuador.
The highlight intercepts include 6.14 metres of 14.91% copper, 21.02 g/t gold, 10.39% zinc, 255.3 g/t silver, and 0.75% lead for 37.48% CuEq. – including 4.22 metres of 19.11% copper, 24.36 g/t gold, 10.93% zinc, 309.5 g/t silver and 0.83% lead for 45.00% CuEq.
Midday Wednesday, Adventus’ stock was up 11%
According to the companies, a total of 15 infill definition drill holes have been successfully completed totaling 1,573 metres from the planned 4,960 metres, with two drill holes currently in progress totaling a further 119.20 metres completed.
In 2017, Adventus entered into an agreement with Salazar whereby Adventus may earn a 75% interest in the Curipamba project by funding exploration and development expenditures of $25 million over five years.
The Curipamba project comprises seven concessions representing approximately 21,500 hectares and includes El Domo.
Midday Wednesday, Adventus’ stock was up 11% on the TSXV. The company has a C$124 million market capitalization.
