Sphinx buys former New Calumet zinc-lead-silver mine
The historical resource estimate made in 1996 (not NI 43-101 compliant) included “reserves” in two zones above the 600-foot level of 61,326 tonnes grading 217 grams silver and 6.3 grams gold.
The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.
BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball.