Deals this week: Alexandria Minerals, Athena Silver, Rambler Metals and Mining

17 March 2016 (Last Updated March 17th, 2016 18:30)

Alexandria Minerals has completed the acquisition of 100% mineral rights ownership of its Gullrock gold project adjacent to the Goldcorp Red Lake mine property in Red Lake, Ontario, Canada.

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Alexandria Minerals has completion the acquisition of 100% mineral rights ownership of its Gullrock gold project adjacent to the Goldcorp Red Lake mine property in Red Lake, Ontario, Canada.

The property lies along the MacKenzie-Cochenour-Campbell / Red Lake mine trend.

Gullrock stretches for 7km along the mine trend and is underlain by geology similar to that of the adjacent Goldcorp property.

Athena Silver, together with its wholly-owned subsidiary Athena Minerals, has executed a new option covering its Langtry Silver project in the Calico Mining District in the US.

The new option supercedes all agreements that were signed earlier.

The latest agreement is expected to reduce Athena Silver's royalty burdens on the project and strengthen its permitting status.

Rambler Metals and Mining has signed a letter of intent (LoI) with Benton Resources and its partner Nordmin Engineering to explore the potential of milling gold-rich concentrate from the Cape Ray deposits at Rambler's Nugget Pond milling facility in Canada.

Benton and Nordmin are reviewing options to improve the economics of their preliminary economic assessment that was recently released on the Cape Ray project.

The review focuses on reducing capital as well as operating costs.

Fura Emeralds has signed a letter of intent (LoI) with Zuliana De Esmeraldas to become the operator of the La Pita Emerald mine in Boyacá, Colombia.

As per the LoI, the companies agree to enter into an agreement to appoint Fura as the sole and exclusive operator of the mine until 29 June 2025.

"Gullrock stretches for 7km along the mine trend and is underlain by geology similar to that of the adjacent Goldcorp property."

Fura is set to receive 50% of all aggregate production of emeralds from the mine as consideration for operating it.

CKR Carbon has signed an agreement to supply graphitic rock from the Aukam project in Namibia to a vertically integrated graphite producer.

Under the agreement terms, the company will deliver up to 5,000t of graphitic material grading between 40 and 50% Cg (carbon as graphite) over the course of 2017.

The first shipment between 2,000 and 3,000t of graphitic material is expected to be made in July 2016.


Image: Several mining deals were signed this week. Photo: courtesy of worradmu/FreeDigitalPhotos.net.