China's Zijin buys Freeport's copper-gold assets in Serbia for up to $390 million

Section:

By Tom Daly
Reuters
Monday, November 4, 2019

BEIJING -- Zijin Mining one of China's biggest gold producers, said today it would buy partner Freeport McMoran Inc.'s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals.

The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it took over local copper producer RTB Bor in 2018, before completing the purchase of Nevsun Resources, which also has interests in Serbia, for $1.4 billion this year. ...

... For the remainder of the report:

https://www.reuters.com/article/china-mining-zijin/chinas-zijin-buys-fre...



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Great Bear Drills New Near-Surface High-Grade 'Yauro Zone' Discovery at Dixie:
10.32 g/t Gold Over 18.20 m, 5.60 g/t Gold Over 25.25 m, and 16.60 g/t Gold Over 6.00 m

Company Announcement
Wednesday, October 30, 2019

VANCOUVER, British Columbia, Canada -– Great Bear Resources Ltd. (TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000-metre drill program at its 100%-owned Dixie project in the Red Lake district of Ontario.

Three new gold discoveries have been made and drill results disclosed in this announcement are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault. ...

Results include: 32 g/t gold over 2.65 metres and 21.33 g/t gold over 3.30 metres, within a wider interval of 5.14 g/t gold over 37.40 metres; 30.66 g/t gold over 3.45 metres, within a wider interval of 5.60 g/t gold over 25.25 metres; and 35.96 g/t gold over 1.73 metres, within a wider interval of 2.01 g/t gold over 66.20 metres. ...

... For the remainder of the announcement:

https://mailchi.mp/08390992ba61/great-bear-drills-new-near-surface-high-...


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