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Post by riskman on Nov 19, 2008 11:48:32 GMT -5
Hi, new to this board.
Anybody see the news on Norsemont Mining? I have been looking for the the estimates on Aguila/Pasa deposits so as to compare to what NOM is reporting. Any guidance?
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Post by venturous on Nov 19, 2008 12:02:55 GMT -5
I believe if you go to duranventures.net, there are NR which describe drill results. There are also estimates (done by the shareholders) of pit size for Aguilla and tunnel sample information from Pasacancha. Some of these threads also contain info, as well as the company web site duranventuresinc.com
ven
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Post by pasacancha on Nov 19, 2008 12:10:33 GMT -5
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Post by pasacancha on Nov 19, 2008 12:41:13 GMT -5
From what I understand there is also a nearby gold target (called Santa Rosa). Some highlights from Pasa are below (April 24).
3790 Level Highlights:
- Main Access Tunnel Central Portion: 384 metres sampled width (220 metres estimated true width) with average values of 0.17 g Au/t, 69.1 g Ag/t, 765 ppm Cu, 5,623 ppm Pb, and 9,420 ppm Zn.
- Tunnel E: 147 metres sampled width (58.8 metres estimated true width) with average values of 0.07 g Au/t, 53.3 g Ag/t, 453 ppm Cu, 8,513 ppm Pb and 11,533 ppm Zn.
- Tunnel F: 147 metres sampled width (58.8 metres estimated true width) with average values of 0.28 g Au/t, 56.1 g Ag/t, 447 ppm Cu, 2,951 ppm Pb and 5,287 ppm Zn. Including 1.91 g Au/t, 378 g Ag/t, 1,105 ppm Cu, 2,279 ppm Pb and 1,664 ppm Zn.
3940 Level
- Access Tunnel: 111 metres sampled width (111 metres estimated true width) with average values of 0.18 g Au/t, 65.9 g Ag/t, 945 ppm Cu, 8,700 ppm Pb, and 4,822 ppm Zn.
- Terminated in mineralized material, with the last 72 meters showing average values of 0.24 g Au/t, 80.7 g Ag/t, 1,009 ppm Cu, 10,704 ppm Pb, and 5,608 ppm Zn.
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Post by venturous on Nov 20, 2008 11:55:55 GMT -5
Posted on the agoracom website today:
Minmetals signs finance deal for Peru mine project (Reuters) Updated: 2008-11-20 14:18 Counter:248 Chinese trading firm Minmetals Corp signed a framework deal with Chinese and Peruvian banks on Wednesday, which could lead to financing of its Galeno copper project in Peru.
A 2007 feasibility study on the roughly $1 billion Galeno project showed that over a 20-year mine life, it will produce 144,000 tonnes of copper in concentrate annually, averaging more than 200,000 tonnes per year in the first five years.
Minmetals, which controls some 60 percent of Galeno, is part of a growing list of Chinese companies making investments in Peru. Chinese firms have committed to pour about $6 billion in Peru's mining sector over the next three years.
The president of Minmetals, Zhou Zhongshu, inked the deal with China's Development Bank, Peru's Banco de Credito and the publicly-traded Jiangxi Copper Co.
The pact was one of 10 accords signed between China and Peru on Wednesday, while leaders from 21 Pacific Rim economies are in Lima for the Asia Pacific Economic Cooperation meeting.
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