First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM)(LSE: FQM) today announced a new quarterly record copper production of 82,200 tonnes for the third quarter of 2008. The new record exceeds the production levels of the third quarter of 2007 and the second quarter of 2008 by over 22,600 tonnes and 1,200 tonnes respectively.
Brilliant Mining Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today reported significant high grade results from the Deacon down-plunge resource definition drill program at the Company's 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.
Significant Drill Intercepts Include:
- 2.87%Ni over 24.6m; 50m down plunge of Probable Reserves limit
- 3.27%Ni over 25.8m; 100m down plunge of Probable Reserves limit
Metals Creek Resources Corp. (the "Corporation") (TSX-V: MEK) is pleased to announce high grade copper assays, including 2.58% Cu over 37.05m, from the recently completed 2 hole 276 meter drill program on its Tillex property which is located 65 km east of Timmins, ON and 45 km from Xstrata's Kidd Mill and Metallurgical Site.
Highlights:
- TX08-001 27.80m down hole intercept (37.20 to 65.00m) of .272% Cu - TX08-002 97.05m down hole intercept (30.95m to 128m) of 1.194% Cu including 37.05m (30.95 to 68m) of 2.583% Cu, Including 1.243% Lead over 4m (106.0 to 110.0m) and 1.93% Zinc over 1.93m (97.50 to 99.43m) as well as 3.596% Zinc over 2m(107 to 109m).
Peter Mordaunt, Chairman and CEO of Stingray Copper Inc. ("Stingray")(TSX:SRY)(TSX:SRY.WT) is pleased to report that M3 Engineering and Technology Corporation ("M3") of Tucson, Arizona has been engaged to complete the El Pilar oxide copper project "Feasibility Study" as scheduled for the end of Q1 2009. Stingray's scope of engineering for the El Pilar is defined as an Open Pit, Heap Leach, SX-EW (Solvent Extraction-Electrowinning) copper project with proposed capacity of 35,000 tonnes per year of cathode copper. Stingray is currently working on an Internal Technical Study including third party contractors and engineers that will form the basis of the M3 Feasibility Study.
Cardero Receives Positive Independent Preliminary Economic Assessment for the Central Zone at Pampa de Pongo Iron Deposit
After-Tax NPV 8% - US$3.3 Billion After-Tax IRR - 18% Undiscounted Total After-Tax Cash Flow - US$17.6 Billion ($732 Million/year)
Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU)(NYSE-A: CDY)(FRANKFURT: CR5) is pleased to announce that SRK Consulting (Canada) Inc. ("SRK") has completed a Preliminary Economic Assessment ("PEA") on the 750Mt Central Zone of the Pampa de Pongo Iron Deposit, located in the Marcona Iron District of Southern Peru, and have delivered a draft of their formal NI 43-101 PEA Technical Report.
