SolGold delays pre-feasibility study for Cascabel copper project again

Owner Havilah Resources said the decision secures the company's right to mine Kalkaroo.

The Canadian miner reported that seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold.

The state-owned copper miner said that since mining at the open-pit mine ends in 2020, which is when the underground section begins commercial operations, it will able to keep productive capacity unchanged.

Two new claims were staked to cover known copper showings that are interpreted to have potential to host sedimentary-hosted copper mineralization similar to that at Transition's Janice Lake.

The Vancouver-based company says there is potential to discover a sizeable porphyry style copper-molybdenum-silver deposit on the property.

Copper output in Africa’s second largest producing country could decline by as much as 100,000 tonnes this year, adding to recent, sharp declines at the world’s main producing nations.

Europe's biggest copper smelter has agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million).

The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down.

The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.