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- β Massive Copper Expansion
β Massive Copper Expansion
PLUS: 26m of 2.22 g/t Au
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and step out of the house for some sunbathing.
Here are the highlights:
π Massive Copper Expansion
π 26m of 2.22 g/t Au
π€‘ WE-WISH-THIS-WERE-A-MEME-BUT-ISNβT OF THE DAY
π Massive Copper Expansion
Barrick Gold (TSX: ABX)(NYSE: GOLD) plans to invest nearly $2 billion in expanding its Lumwana copper mine in Zambia. The expansion aims to increase Lumwana's annual copper production to approximately 240,000 tonnes.
Barrick Gold intends to extend the mine's life until 2060 as part of a broader effort to revive Zambia's copper industry. Since taking over Lumwana in 2019, Barrick Gold has contributed nearly $3 billion to the Zambian economy through taxes, royalties, salaries, and procurement of goods and services.
Alright, at which point do we rename it to Barrick Copper?
π 26m of 2.22 g/t Au
CopAur Minerals Inc. (TSXV: CPAU) (OTCQB: COPAF) has released the results of four reverse circulation (RC) drill holes conducted at their Kinsley Mountain Gold Project in Elko County, Nevada.
Highlights:
25.9m of 2.22 g/t Au
7.6 m of 2.02 g/t Au
This intercept is located within 50 meters of the current oxide resource pit shell. Not bad.
π° In Other News:
π€‘ WE-WISH-THIS-WERE-A-MEME-BUT-ISNβT OF THE DAY
Germany will bring several mothballed coal plants back to the market this winter to ensure that Europeβs largest economy can keep the lights on trib.al/Yps9vrw
β Bloomberg Energy (@BloombergNRG)
11:09 AM β’ Oct 4, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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