Walls and bridges

Donald Trump’s surprise victory in the US presidential elections sent financial and commodity markets into overdrive, but not in the way many doom-mongering analysts had predicted.
Rather than the global meltdown in financial markets that greeted this year’s other shock election result – the United Kingdom’s decision to leave the European Union–, share prices rallied on hopes that the president elect’s radical plans could spur economic growth.   Read more…



Looking south

Chile’s mineral potential is recognized around the world. But its mining industry is heavily concentrated in the arid north, while the south’s potential is largely unrealized.
However, with much of the north already carpeted with exploration and mining claims, a growing number of investors are turning to the underexplored south in their search for economically-viable mineral deposits.
A recent study by the Chilean Copper Commission (Cochilco) into the mining industry in the south of the country found that the region attracted just 5% of the investments in mining approved by the Environmental Assessment Service in the decade to 2015. This despite the fact that the region is host to 15 Pb-Zn deposits, 11 Cu deposits, 8 Mo deposits, 2 Au and 1 Au-Ag deposits. Claims have been staked over 275,000h representing just less than 3% of the region’s total territory. Of these, 60,000h are held by CAP Minería. Mandalay Resources (TSX: MND) holds 33,395h, centered on its Cerro Bayo mine, Laguna owns 15,647h while Chile’s economic development agency CORFO holds claims over 7,271h.   Read more…


Teck to take control of Zafranal

Teck Resources Limited (TSX: TCK; NYSE: TCK) is looking to take a majority stake in the Zafranal Cu-Au Project in Arequipa, Peru, after reaching a deal to acquire mining junior AQM Coppper (TSXV: AQM).
TCK already owns 50% of Zafranal while AQM (in which TCK already holds a 30% stake) indirectly owns another 30%. The balance of shares are owned by Japan’s Mitsubishi Materials Corporation.   Read more…




Australia’s Emu options gold project on Maricunga belt

Australia-listed Emu NL (ASX: EMU) has signed a Heads of Agreement to acquire the Vidalita Au project in Region III.
Located 200km E of Copiapo, the project consists of two blocks of exploration claims which cover a total of 2,800h and are owned by Prospex SpA and BLC SpA, in which Altius Minerals Corporation (TSX: ALT) owns a 49% stake. Read more…




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