Latin Metals Inc. signed an offer letter with Patagonia Gold Corp. which sets out the proposed commercial terms of a definitive option agreement whereby Patagonia will be provided with the option to acquire the Company’s interest in the Mina Angela project. To exercise the Option in full, Patagonia will be required to make payments to Latin Metals in the aggregate amount of US$ … [Read more...] about Latin Metals and Patagonia Gold Agree Terms for Acquisition of Mina Angela Project, Chubut Province
Barrick Gold accepts Environmental Court ruling, continues to seek new opportunities in Chile
The Corporation announced it accepted the Antofagasta Environmental Court’s decision to uphold the closure order and sanctions Chile’s environmental regulator imposed on Compañía Minera Nevada, the Barrick subsidiary that holds the Chilean portion (Pascua) of the Pascua-Lama project.Barrick said the ruling drew a line under a legal process that started in 2013 and the company … [Read more...] about Barrick Gold accepts Environmental Court ruling, continues to seek new opportunities in Chile
Tax-free exploration?
Are all drilling programs in Chile tax-exempt? No. But the details of the Official Notice published by the Internal Revenue Service at the beginning of August opens the door for this incentive to expand in the future. It is not a general public policy, but it could be the first step in that direction. An introduction to the issueCESCO published a report in 2016 entitled … [Read more...] about Tax-free exploration?
Lithium Chile Announces 26 gms/tonne Gold and 256 gms/tonne Silver from Initial Programme on Its 100% Owned Carmona Property
The company announced assay results from the first batch of samples taken from its 100% owned Carmona gold silver property, which support the potential for Carmona to host a number of gold/silver bearing zones. There were a number of high-grade intercepts identified from this initial sampling program. The highlights are as follows: Gold and silver values from rock samples range … [Read more...] about Lithium Chile Announces 26 gms/tonne Gold and 256 gms/tonne Silver from Initial Programme on Its 100% Owned Carmona Property
Copper, the great winner in the pandemic
Copper is experiencing a boom and has reached its highest price since 2018. How can this phenomenon be explained and what is the forecast between now and the end of the year? At the end of July, Mining.com indicated that copper had become the most profitable commodity in the midst of the current global crisis caused by Covid-19, even above … [Read more...] about Copper, the great winner in the pandemic