Cordoba secures $10m bridge loan from partner JCHX for Alacran project
The Alacran project is pegged as the Colombia's next major copper-gold mine.
Vancouver-based North Arrow Minerals says its JV partner and operator at the LDG project, Dominion Diamond Mines, has intersected kimberlite in the first drill hole of the season. The project is located near Lac de Gras, 10 km southwest of the Diavik diamond mine and 20 km south of the Ekati mine.
The drill hole was oriented to test a resistivity anomaly coincident with gravity and magnetic lows. It intersected the kimberlite about 40 metres down hole and remained in favourable mineralization at 67 metres, North Arrow said in a news release.
This summer’s program includes drilling, LIDAR surveying, prospecting as well as till mapping and sampling. Work this year has a budget of C$2.8 million. The work at LDG is being fully funded by Dominion after which Dominion will have earned 89% of the project.
This article first appeared in the Canadian Mining Journal
