Stratton Resources Provides Exploration Update on Summer Field Programs
Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company") is pleased to provide an exploration update on summer field programs conducted at its MAC, Lunar and Natlan projects, located in British Columbia, Canada.
MAC
The MAC Project is an advanced-stage molybdenum-copper project with newly recognized nickel-iron-chromium potential (see news release dated October 5, 2012) located approximately 80 kilometres northwest of the town of Fort St. James, in Central British Columbia.
- Published: 29 November 2012
- Written by Editor
NovaCopper Releases Remaining Drill Results from 2012 Exploration Program on the South Reef Zone of the Bornite Deposit-All Three Holes Hit High-Grade Copper Mineralization
RC12-216 Intersects Three High-Grade Mineralized Intervals Totaling 77.3 Meters at 4.3% Copper
NovaCopper Inc. (NCQ.TO)(NYSE MKT:NCQ) ("NovaCopper" or "the Company") is pleased to announce the remaining results from exploration diamond drilling on the South Reef Zone of the Bornite Property, one of its Upper Kobuk Mineral Projects ("UKMP") located in the Ambler mining district of Northwest Alaska.
- Published: 29 November 2012
- Written by Editor
Inmet Declines Proposal from First Quantum
Inmet Mining Corporation (TSX:IMN) announced today that on November 25, 2012, it received an unsolicited non-binding, highly conditional proposal from First Quantum Minerals Ltd. for First Quantum to acquire by way of plan of arrangement all of the shares of Inmet. The proposal contemplates consideration of C$70.00 per Inmet share, subject to a maximum aggregate cash consideration of C$2.461 billion and a maximum number of First Quantum shares to be issued of approximately 112.679 million, resulting in an overall consideration mix of 50 percent cash and 50 percent First Quantum shares.
After reviewing the proposal with its financial and legal advisors, Inmet's Board of Directors has today notified First Quantum that it has declined to pursue the proposal as it is not in the best interests of Inmet shareholders.
- Published: 28 November 2012
- Written by Editor
Redtail Intersects 8.25m of 8.49% Zn, 3.94% Pb, 34.7 g/t Ag in Massive Sulphide at the R15 Project, Yukon
Redtail Metals Corp. (TSX-V:RTZ.V - News) (the "Company") is pleased to announce that it has successfully completed the fall 2012 drill program on the R15 Property, Yukon Territory. Five diamond drill holes were completed for a total of 686m. All 5 holes intersected significant massive sulphide mineralization.
Significant results include:
- R12-11 which intersected 8.25m of 8.49% Zn, 3.94% Pb, 0.24% Cu, 34.7g/t Ag, and 0.061 g/t Au; and
- R12-09, which intersected 6.99m of 7.68% Zn, 3.05% Pb, 0.28% Cu, 30.21g/t Ag, 0.059g/t Au.
Read more: Redtail Metals Corp ( RTZ )
- Published: 15 November 2012
- Written by Editor
