Video: Junior market dominated by ‘the lame, the halt and the blind,’ says Rule
Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.
The El Pilar mineral property comprises 7,169 hectares in seventeen concessions located about fifteen km south of the international border with United States of America in the state of Sonora, Mexico.
Measured and indicated mineral resources were estimated at 276.3 million tonnes averaging 0.31% total copper (TCu) calculated at a cut off of 0.20% TCu. The copper mineralization remains open at its southern limit.
Following a positive Feasibility Study the Board of Directors approved the development of the copper oxide project in April 2009.
The basis of the Feasibility Study is the use of a mining contractor in the open pit and owner operated primary crushing, conveying and stacking of ore onto a heap leach pad, followed by solvent extraction and electro-winning (SX-EW) to produce cathode copper…..see more at Mine Developments
