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Bullboard - Stock Discussion Forum 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 Discussion

RESERVOIR MINERALS INC > From Pravda.....
View:
Post by thorgb1 on Aug 05, 2015 11:31pm

From Pravda.....

Bad translation courtesy of Google, but good to see the international exposure.....


In the east 
of Serbia , near the small town of Bor, the American mining company «Freeport-McMoRan» with the assistance of Canadian partners from the «Reservoir Minerals» literally ran into record deposits of gold and copper.

Natural treasures are at a depth of 560 meters and containing 50.3 grams of gold, and 25.7% copper per ton of ore. Until that moment, the largest such deposits was considered Hollister mine in the United States , where the content of gold is a little more than 27 grams.

The cost of the Serbian "cornucopia" according to preliminary estimates - 18 billion. Dollars. At the same time, experts note that this figure is a result of further research can grow. The fact that the copper deposit is considered to be profitable, if the methane content of 1 ton of ore is 1%, while in the Serbian Bora, this figure exceeds 25%.

Guide «Freeport-McMoRan» to celebrate quickly increased financing of the project by as much as 5 million. Dollars and sent the Serbian office of his company almost entirely to local authorities for approval of details of further development of the field.

Comment by angelnotes on Aug 06, 2015 3:42pm
Read the post with interests.   I have a couple of questions. Is this a recent news?   Also  higher methane % is good for processing?
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