International news within the industry of mining and metal, Nov, 24 2017
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Peru to auction $2 billion copper project

Michiquillay copper mine, screenshot/youtube
Michiquillay copper mine, screenshot/youtube
Published by
Peter Höök - 01 Sep 2017

Peru has set a date for auctioning the rights to develop the proposed Michiquillay copper mine, located in the country’s northern Cajamarca region, a highly prospective mineral district that already hosts a number of mines according to mining.com.

The $2 billion project, which is estimated to produce close to 80,000 tonnes of copper a day, will be awarded on Nov. 15, state bidding agency Proinversión said in a statement.

The asset used to belong to Anglo American, but the mining giant pulled out of the project in late 2014 due to capital constraints.

 

 

Hazelton samples. Hazelton -formally Price Creek-, Jaxons flagship project, spans 44,482 ha and is prospective for Eskay Creek and Equity Silver style mineralization. Widespread soil anomalies and surface showings up to 3,397 g-t Ag, 12.7 g-t Au, and 22.29% Zn have been found on this advanced exploration project and a number of features suggest that the property has considerable potential.  Photo: Jaxons Inc.
Hazelton samples. Hazelton -formally Price Creek-, Jaxons flagship project, spans 44,482 ha and is prospective for Eskay Creek and Equity Silver style mineralization. Widespread soil anomalies and surface showings up to 3,397 g-t Ag, 12.7 g-t Au, and 22.29% Zn have been found on this advanced exploration project and a number of features suggest that the property has considerable potential. Photo: Jaxons Inc.

Jaxon starts to drill at Hazelton in Canada

"13 drill holes"

Jaxon Inc. is pleased to announce that it will be commencing its Phase 1, 2,000-metre diamond drilli...