Balmoral Confirms High-Grade Ni-Cu-PGE Mineralization Over 45.28 Metres on New Horizon; Grasset Property, Detour Trend, Quebec

  • Intersects 45.28 metres grading 1.79% Nickel, 0.19% Copper, 0.42 g/t Platinum and 1.04 g/t Palladium
  • Includes 17.60 metres grading 2.45% Ni, 0.31% Cu, 0.62 g/t Pt and 1.57 g/t Pd

Balmoral Resources Ltd. ("Balmoral" or the "Company") (BAR.TO)(BALMF) today confirmed the discovery of high-grade nickel-copper-PGE mineralization associated with the previously highlighted (see NR14-09, April 30, 2014) net textured sulphide zone in hole GR-14-25. The net textured zone, one of four mineralized intervals in the hole, returned a near surface intercept of 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium over 45.28 metres. This high-grade interval is capped by, and includes, 1.11 metres of massive to semi-massive sulphide which returned 10.60% Ni, 0.45% Cu, 2.04 g/t Pt and 5.23 g/t Pd, confirming the potential for very high grade nickel and PGE values within the system (see table below).

Published: 20 May 2014
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Bear Creek Announces Favorable Judicial Decision in the Santa Ana Amparo (Consitutional Injunction), Peru

VANCOUVER, May 13, 2014  - Bear Creek Mining (TSX Venture: BCM) ("Bear Creek" or the "Company") is pleased to announce that the Lima First Constitutional Court rendered its ruling regarding the action brought by the Company against the Peruvian government on July 13, 2011, challenging the constitutionality of the Supreme Decree N° 032-2011-EM, which rescinded the Company's rights to operate on its Santa Ana mineral concessions. The decision states unequivocally and unconditionally that:

  • Bear Creek's constitutional rights were violated;
  • The Company's rights are unconditionally returned as stipulated under Supreme Decree N° 083-2007-EM, which originally granted the right to Bear Creek, as a foreign company, to operate the Santa Ana concessions, located within the 50 kilometer border zone of Peru;
Published: 14 May 2014
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Copper Mountain mine achieved record first quarter copper production

April 9, 2014 - Copper Mountain Mining Corporation (CUM.TO) (the "Company" or "Copper Mountain") announces production results for the first quarter of 2014 from the Copper Mountain mine located in southern British Columbia .

In the first three months of 2014 the mine shipped 39,000 wmt of concentrate, an increase of 9% over the prior quarter.  The shipments contained approximately 19.7 million pounds of copper, 6,500 ounces of gold, and 98,600 ounces of silver generating an estimated $69.6 million in gross revenue.   

Copper production for the first quarter of 2014 totaled 19.1 million pounds of copper, a 34% increase as compared to the first quarter of 2013, setting a new production record for the mine.  The concentrate also included 5,400 ounces of gold and 105,300 ounces of silver.  During the quarter the mill processed a total of 2.6 million tonnes of ore at an average grade of 0.394 % Copper. 

Published: 09 April 2014
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Capstone Extends Pinto Valley Mine Life to 2026

(all amounts in US dollars) Capstone Mining Corp. ("Capstone") (TSX:CS.TO - News) today announced the results of the Pre-Feasibility Study - Mine Life Extension ("PV2 PFS") for its wholly owned Pinto Valley Mine in Arizona, US, which extends the mine life by 8 years from 2018 to 2026.

Highlights

  • Average annual production for the first five years is 128.4 million pounds of copper contained in concentrate and 6.6 million pounds of copper cathode. Life of Mine ("LOM") annual production of 119.5 million pounds of copper contained in concentrate plus 6.3 million pounds of cathode copper, and 1.4 million pounds of molybdenum and 235,000 ounces of silver credited to concentrate annually.
  • After-tax net present value (NPV), discounted at 8%, of $738 million.
Published: 26 March 2014
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Denison Mines Signs LOI to Acquire International Enexco

Separate LOI Signed for Contact Copper Project

International Enexco Limited - (TSX VENTURE:IEC)

Highlights

  • Combined offers represent an 63% premium to IEC shareholders
  • Increased exposure to a diversified, world class uranium exploration, development, and production portfolio including Denison's Wheeler River Project
  • IEC shareholders to retain majority ownership in CopperBank, a new platform focused on consolidating prospective copper deposits

International Enexco Ltd. ("IEC") is pleased to announce that it has entered into two separate Letters Of Intent (each an "LOI"), the first of which ("First LOI") has defined the terms on which Denison Mines Corp. ("Denison") will acquire all of the issued and outstanding common shares of IEC (the "Denison Transaction") in exchange for 0.26 of a common share of Denison and one share or portion thereof (each a "SpinCo Share") in Enexco International Inc. and/or such other subsidiary holding directly or indirectly 100% of IEC's Contact Copper Project and any other US mineral properties owned by IEC ("Enexco US"), for each share of IEC held (together, the "Denison Consideration").

Published: 19 March 2014
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  1. Cypress Commissions Maiden NI 43-101 Resource Estimate for Gunman Zinc-Silver Project in Nevada, Stakes Additional Claims
  2. Excelsior Mining Corp ( MIN )
  3. Northern Dynasty Minerals Ltd ( NDM )
  4. Wolfden Resources Corporation ( WLF )
  5. Copper Mountain Mining ( CUM )