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.
Quaterra Resources (TSXV:QTA) and Chuchuna Minerals announced the launching of a 1,500-line-kilometre ZTEM geophysical survey over their Groundhog copper-gold prospect in Alaska.
In a press release, both companies said that Geotech of Ontario is in charge of running the survey and that a Chuchuna ground crew is also at the site conducting geologic mapping, prospecting, and sampling.
Quaterra has to spend $5 million in exploration work to earn 90% interest in the Groundhog project
According to the miners, the helicopter-borne survey is intended to better define drill targets and assist in understanding how they relate to those already identified with previous geophysical and geological work. It is also expected to provide tight-spaced geophysical data over most of the Groundhog property.
The fieldwork, on the other hand, is intended to continue detailed mapping, locate new rock exposures, follow up on previous work, and generate new sub-surface data for copper-gold porphyry exploration.
“Both programs are important components of identifying high priority targets for a drill program planned for next year,” the media brief states.
Groundhog is a 40,000-acre property situated on an established copper-gold porphyry belt 300 kilometres southwest of Anchorage.
It is located about 5 kilometres (3 miles) north of Northern Dynasty’s Pebble porphyry copper, gold and molybdenum project.
“Regional magnetic data suggest that geology similar to that at Pebble extends under cover for an additional 30 kilometres northeast from the Pebble deposit,” Quaterra reports.
