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RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."


TSXV:RMC - Post by User

Post by thorgb1on Jun 04, 2013 8:19pm
161 Views
Post# 21483673

Not sure if anyone....

Not sure if anyone....

Has posted this before. Full article at Seeking Alpha:

The third positive for FCX concerns ongoing but little-reported development of its high grade copper and gold deposits at Bor, Serbia. In summer 2012, initial drilling found ore belts of 5-9% copper, whereas standard ore-bearing bodies are a fraction of 1%. New drillings conducted by FCX and announced at the PDAC (Prospectors and Developers Association Conference) in Toronto in March 2013 identified a new lode several hundred feet long with up to 16% copper, including gold. This is the same mineralization belt that runs from Greece north through Serbia into "the golden quadrilateral" in Romania where Eldorado Gold (EGO) has its Certej project. Bor and Certej respectively are the southern and northern ends of the area of highest mineralization. Canadian junior Reservoir Minerals (RVRLF.OB) is Freeport's partner (45%) in the Timok development site. Reservoir has been trading between $2 and $3 YTD as exploration proceeds. Three mines already are operating near this major copper-porphyry and gold complex.

 

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