Cascadero Copper Corp V.CCD

FQ moving ahead....maybe but hopefully

[Time4change]

First Quantum to invest $3.5 billion in Taca Taca copper project in Argentina — report

Staff Writer | September 6, 2024 | 9:46 am News Canada Latin America Copper Gold 

The Taca Taca project (Image courtesy of First Quantum Minerals.)

First Quantum Minerals has met with Argentina’s government authorities about the start of construction of the $3.5 billion Taca Taca copper project, Rumbo Minero International reported.

 

According to the news outlet, representatives of the Canadian miner met with Argentine officials and announced that they will begin construction of the project, located 230 km west of the city of Salta.

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The announcement was made during Argentina Mining 2024, an international mining sector event held in the province of Salta.

Taca Taca is a copper-gold-molybdenum porphyry deposit with significant potential and is at an advanced exploration stage.

As of 2013, the project’s measured and indicated resources were reported at 9.6 million tonnes of contained copper, plus inferred resources of 3.4 million tonnes. First Quantum acquired 100% of Taca Taca from Lumina Copper Corporation in 2014 through its subsidiary, Corriente Argentina SA (CASA).

The project is expected to create a large number of direct and indirect jobs, boosting the socio-economic growth of the province.

Speaking to Rumbo Minero, general manager John Dean said construction is scheduled to begin in 2025.

According to the report, the Salta government signed an agreement stipulating that the Argentine Geological and Mining Service will provide scientific and technical assistance in evaluating the environmental and social impact study of the project, as well as participate in subsequent activities such as oversight and monitoring.

[AucontraireII]

Wow, now that's a good one T4C!  We have all been waiting for that possibility forever and now it's finally going to happen.  Excellent.  We will see what comes out way.

[AucontraireII]

Gold soaring, silver soaring, copper soaring, FQ moving ahead soon on SE, and CCD....yawn.   Frustrating to say the least....what will it take