Given that the newly-elected Mexican president has signalled strong support for copper mining, I expect we will see more initiatives across the country similar to what is announced in the latest NR from project generator Riverside Resources aka RRI, that they have expanded their Ariel copper prospect in Sonora, Mexico with the purchase of the adjoining Maria Luisa property. This means the entire Ariel project now covers more than 16 sq km and contains several very prospective targets for Cu/Mo minerlaization similar to that being exploited at Mexico's second largest copper mine, La Caridad, located within sight 18 km away.
RRI acquired the original Ariel property in 2015 and has since carried out a great deal of exploration across both Ariel and more recently, Maria Luisa. They have also completed permitting a drill programme expected to commence H2. The only question is whether RRI will follow their usual process of finding a JV partner to share the cost. I am sure they are talking to Grupo Mexico, who own and operate La Caridad.
Teuton Resources aka TUO and its JV partners released an update on its Treaty Creek Cu/Au project in BC's Golden Triangle. Or maybe that should be Au/Cu...
The reason I say that is that the latest drill programme, already two holes in, is focused on expanding what they are calling a supercell, SC01, which is a gold-dominant portion of the Goldstorm deposit, with previous drilling already yielding intercepts like 5.50m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu) including 4.50m @ 20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu) .
In a large lower grade deposit like Goldstorm, it is often early mining of higher grade sections like SC-1 that make the overall economics of the deposit work. We will learn more about that over the next year, as a PEA for Treaty Creek will commence shortly and is expected to be completed by Q2 2025.
The JV partners are also carrying out more permitting plus metallurgical studies to support the PEA. I will be interested to see how it is affected by TUD's permitting error that lost what was formerly portrayed as vital properties for Treaty Creek to become a mine to a neighbour.
Silver Bull aka SVB issued an update on its international arbitration claim against Mexico. They are seeking $408M in compensation because Mexico has done nothing to remove an illegal blockade that has cut off access to their Sierra Mojada project in Coahuila. We're getting into deep legalese here, with talk of engaging 'quantum expert' and SVB filing a 'Memorial submission'. I have no idea what each of those may be, so just take it that SVB's case is fully funded and considerations by the arbitration panel are underway, with no date given for receiving its conclusions.
News 
Market Data 
Discover 
AI
