West Mining fully executes option agreement for Blue Cove Copper Property
Published by Will Owen,
Editor
Global Mining Review,
West Mining Corp. has fully executed an option agreement with Dean Fraser. This transaction confirms West will have the right to earn a 100% undivided interest in the Blue Cove Copper Property.
The Blue Cove Copper Property is located at the head of Fortune Bay, in southeast Newfoundland and is host to significant copper occurrences in outcrop. Several new targets have been identified by prospecting over the past two years and copper mineralisation can be found locally throughout the claims. The best assay obtained to date from grab samples at the Blue Cove Property returned values as high as 5.1% Cu, 33 g/t Ag, and 0.27 g/t Au. Copper mineralisation generally occurs in altered volcanic rocks and sediments on the property with the primary copper minerals being chalcocite with more minor bornite and chalcopyrite. Widespread copper oxide is readily visible on many outcrops throughout the property.
The property consists of 232 claims covering a 5800 ha. area, striking 22 km adjacent to the Terrenceville fault structure. Excellent infrastructure also exists in the area, including the nearby town of Terrenceville – which hosts a deep sea port.
Nicholas Houghton, CEO of West Mining Corp., comments:
“The company is extremely pleased to announce the option agreement has been fully executed, and want to take the opportunity the convey our excitement at closing the deal. We also thank Dean Fraser for his swift and attentive response, and we look forward to the upcoming 2022 field season.”
Read the article online at: https://www.globalminingreview.com/mining/08022022/west-mining-fully-executes-option-agreement-for-blue-cove-copper-property/
You might also like
Teck and Anglo American to combine through merger of equals to form a global critical minerals champion
Teck Resources Limited and Anglo American plc announce they have reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals champion and top five global copper producer, headquartered in Canada and expected to offer investors more than 70% exposure to copper.
