Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Torr Metals (TSXV: TMET) and the Tahltan Central Government have signed a communications and engagement agreement with respect to the company’s 100%-owned Latham copper-gold project in British Columbia’s Golden Triangle.
The agreement provides direction for ongoing discussions and co-operation regarding the project, as well as providing a framework for sharing information and open dialog with transparent communications regarding Torr’s activities in Tahltan territory.
The Latham project covers about 538 sqkm about 16 km south of the airport at Dease Lake. The property contains the Gnat Pass copper porphyry deposit, discovered during the 1960s.
Historical drilling suggests that the deposit is open along strike to the east and at depth. Drilling in 2012 returned 103 metres grading 0.35% copper, 149 metres at 0.28% copper, and 56 metres at 0.44% copper.
Torr says the gold potential at Latham remains largely undrilled, but grab samples have assayed up to 6.45 g/t gold. Historical gold-in-soil anomalies have been as high as 309 ppm gold.
The company has identified six high-priority copper-gold porphyry targets with similar mineralization and alteration styles as the Red Chris, Schaft Creek, and Galore Creek deposits in the southeast part of the property. The northwest area has potential for both porphyry and epithermal mineralization.
(This article first appeared in the Canadian Mining Journal)
