Global Copper considering Taca Taca development
Source: BNamericas
metalsplace.com
Canada's Global Copper (TSX: GLQ) is looking at the economic options for developing its Taca Taca project in northwestern Argentina's Salta province, according to a local official.
"The company is reassessing the project to carry out prefeasibility studies," provincial mining minister Ricardo Alonso told BNamericas.
However, the official did not say when the company would make a decision.
Taca Taca is a copper porphyry with reserves of 440Mt grading 0.58% copper, 0.18g/t gold and 0.2% molybdenum, according to figures from Salta's mining department.
However, according to Global Copper's website, Taca Taca has an "historic inferred" resource of 240Mt grading 0.41% copper.
The project is located 3,700m above sea level and was drilled during the 1990s by Australia's BHP, now BHP Billiton (NYSE: BHP).
According to Alonso, once mining begins, "it may put Salta on the country's great mining map," especially since mineral exports from the province exceeded US$80mn in 2006 and it was the number one province in terms of borate, perlite, and lithium chloride exports, BNamericas previously reported. |
