Latest Chilean Mining News Headline
 Monday, May 12, 2008
QUADRA MINING LTD.
Quadra Mining updated the NI 43-101 compliant mineral resource estimate for its 100% owned Sierra Gorda project in Chile. The Indicated mineral resource estimate contains 10.6 billion pounds of copper and 474 million pounds of
molybdenum while the Inferred mineral resource estimate contains 5.5 billion pounds of copper and 211 million
pounds of molybdenum. In addition, the purchase of significant additional water rights to meet future production needs was announced. The company also made accelerated payments to exercise eight of the Sierra Gorda option agreements resulting in the company now owning 100% ownership interest in the project. The company will spend $37 million to upgrade more resources into the measured and indicated categories, together with the metallurgical, geotechnical, environmental, infrastructure and engineering studies required for the pre-feasibility and feasibility stages of the project.
Property: SIERRA GORDA
(Complete Text of May 12, 2008 News Release) PDF |
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