Power Metallic Mines updates on Lion copper discovery in Quebec
What happened
Terry Lynch, CEO of Power Metallic Mines Inc., reported on the Lion discovery in Quebec. The September mineral resource estimate for Lion outlined approximately five million tonnes grading close to 4% copper equivalent, with over 85% classified in the indicated category. Lynch also noted a recent intercept of 5.70 metres grading approximately 14% copper equivalent at greater depth, and the company is advancing toward a Preliminary Economic Assessment.
From abnnewswire.net
Why it matters
The company is advancing the project toward a Preliminary Economic Assessment, which is a key step in resource valuation. The discovery includes a significant resource estimate and high-grade intercepts, indicating potential for copper production.
Mineral projects are located in the province of Quebec.
From abnnewswire.net
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- LynchSpeculative
The company might see increased investment interest due to the advancement of its resource valuation.
- Eldorado GoldSpeculative
The market could see increased demand and expected market price for copper.
- QuebecSpeculative
The province may see increased investment interest in the mining sector.
Keep exploring
Part of
Mineral projects are located in the province of Quebec.Also in this story
- Vema project is located in the province of Quebec.
- Scandium Canada Ltd., a mineral exploration company, operates in Canada with projects in Gand and near Schefferville, Quebec.
- VanadiumCorp holds a resource base in Quebec, Canada.
- NIOB operates projects in Quebec and held an investment event in Quebec City.