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Ross River Minerals
# Corporate Overview
# Corporate News
Corporate Overview
Ross River Minerals Inc. based in Vancouver, British Columbia, Canada is a junior resource company listed on the TSX Venture Exchange engaged in the acquisition, exploration and development of gold and copper-gold properties principally in the Yukon Territory, Alaska and Mexico.
The Company's projects include the 8,600 hectare Tay-LP gold property located in the Yukon and the 20,321 hectare El Pulpo copper-gold property located in Sinaloa State, Mexico.
Management is currently evaluating other mineral properties in Mexico and within the Tintina Gold Belt - Yukon and Alaska, that have the potential to host world-class mineral deposits.Ross River Minerals Inc. (TSX-V: RRM) is a Vancouver (Canada)-based junior resource company, which seeks to maximize shareholder value through its copper-gold-silver projects. El Pulpo, the company’s flagship project is located in Sinaloa State, Mexico, and is the focus of its operations. Ross River has 100% rights on all concessions that constitute the property, subject to a 1% - 2% net smelter royalty. The company’s other project – Tay LP – is located in the Yukon Territory, Canada. Although it is not being developed by Ross River currently, Tay LP is located in an attractive mining area. Both Ross River’s projects are in the exploration stage and the company is currently working toward estimating their resource potential. However, exploration has and continues to reveal encouraging mineralization. The extremely buoyant outlook for metal prices also adds to the attractiveness of the stock. These factors lead to a more upbeat outlook for the company.
•El Pulpo spans an area of approximately 20,321 hectares with features that indicate it could become an elephant-sized mining venture in Mexico. So far, the company has explored only one-third of the property. It has identified six copper porphyry and three gold-silver vein targets with high mineralization potential. As exploration and development of this large project would entail huge investments, Ross River is planning to enter into a joint venture with a mining major. This will not only enable the company to expedite the development of the property (by bringing in necessary funds and expertise) but also greatly enhance its share prices that currently appear undervalued.
•Of all the prospects identified until now at El Pulpo, Ross River is highly enthusiastic about the Jutamos copper-gold porphyry target and the La Papaya gold-silver vein system. Sampling results from Jutamos have revealed up to 5.6% copper, 3.6 gram per ton (g/t) gold and 141 g/t silver, while those from La Papaya returned values of up to 144.4 g/t gold, 4,737.3 g/t silver and 1.67% copper. La Papaya, the largest known vein system on the property, stretches for 8,000 meters and consists of six major vein clusters. In addition, good sampling results from other targets indicate the huge potential that El Pulpo holds.
•El Pulpo is located in the vicinity of some very large-scale mining projects. The San Dimas gold-silver mine, operated by GoldCorp Inc. (TSX: G), has proven and probable (2P) reserves of 4.32 million tons grading 5.73 g/t gold and 388.2 g/t silver. Additionally, the La Caridad open-pit mine owned by Southern Copper Corporation (NYSE: PCU) in Sonora, Mexico produced 75.6 ktpd (thousand tons per day) copper and molybdenum in 2006. The presence of important mining projects in the surrounding area greatly enhances the chances of finding commercial quantities of metals in El Pulpo. It also reduces the risks associated with undertaking further development activities on the project.
•The bullish outlook for metal prices adds to our optimism. Gold prices have been gaining strength over the past few years and are expected to remain buoyant. Rising physical demand from India and the Middle East, a weakening dollar, inflationary concerns and geopolitical tensions are likely to keep prices high. Copper, too, is in huge demand, particularly from emerging economies and is expected to trade at a high level at least in the near to mid-term until new capacities come online.
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