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El Morro Data

El Morro Information

  • Social 2015-09-04
    Project Corridor will undertake extensive engagement with communities, Indigenous Peoples and other stakeholders to help guide the project's development. In the months ahead, project staff will be meeting with the community and Indigenous Peoples to explain the Project Corridor concept and work collaboratively to define the project's engagement model. This process will be facilitated by two independent organizations with expertise in community engagement and experience in enhancing social performance and socially sustainable outcomes for resource projects.
  • General 2015-09-04
    Project Corridor is one of the largest undeveloped copper-gold-molybdenum projects in the Americas. The integrated project allows for the optimization of both resources, resulting in a longer mine life of at least 32 years, based on existing proven and probable reserves, with the scope for further extensions given the significant exploration potential across the combined property. Initial stage development contemplates a single line mill and concentrator facility with an initial capacity in the range of 90,000- 110,000 tonnes per day to produce an average of approximately 190,000 tonnes of copper and 315,000 ounces of gold per year over the first full 10 years.
  • Equipment and Infrastructure 2015-09-04
    Common infrastructure will significantly reduce project capital costs and ongoing operating costs. Further, the PEA contemplates a phased development approach that will allow future expansions to be funded from project cash flows, thus significantly reducing the initial funding requirement. As a result, the initial capital cost to bring Project Corridor into production is targeted to be US$3.5 billion1, with further capital required to construct future phases being funded largely from project cash flows. The feasibility studies of the standalone El Morro project and standalone Relincho project had previously estimated development costs at US$3.9 billion2 in 2011 dollars and US$4.5 billion3 in 2013 dollars, respectively.
  • Environmental 2015-09-04
    Project Corridor will reduce infrastructure requirements, including utilizing a single desalination plant, a single port, a single transmission line, a single concentrator and a common tailings facility. As a result, the environmental footprint of Project Corridor will be significantly less than the combined footprint of the standalone projects. The use of a common tailings facility located at the Relincho site responds to concerns expressed by local communities regarding the location of the previously proposed El Morro tailings facility within the agriculturally important Huasco River watershed.

Nearby Locations

Nearby Location News

  • Filo Mining Reports Recoveries of 95.1% for Copper, 93.2% for Gold and 92.7% for Silver From Initial Metallurgical Tests on Mineralization From the Filo Del Sol Deposit 2016-10-11

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 11, 2016) - Filo Mining Corporation (TSX VENTURE:FIL)(NASDAQ OMX:FIL) ("Filo Mining" or the "Company") is pleased to report positive results from an initial program of metallurgical testwork on oxide mineralization from the Filo del Sol deposit. Testwork was completed by SGS Canada Inc. in Lakefield, Ontario under the supervision of Dr. Joe C. Ferron who is a consultant to the Company.

  • Filo Mining Launches With Initial Resource Base of 150 Million Ounces of Silver, 4 Million Ounces of Gold, and 3.3 Billion Pounds of Copper and Outlines Corporate Plans 2016-09-19

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2016) - Filo Mining Corporation (TSX VENTURE:FIL)(NASDAQ OMX:FIL) ("Filo Mining" or the "Company") is pleased to provide an introduction to Filo Mining which was spun out from NGEx Resources ("NGEx") in August and is now trading on the TSX-V and the NASDAQ First North exchanges under the symbol FIL. Filo Mining is the newest addition to the Lundin Group of Companies.

  • Filo spin-off has sweet start 2016-09-18
    Parting of ways pays off for copper-gold-silver project
  • NGEX Resources Inc. and Filo Mining Corp. Announce Closing of Spin-Out of Filo Mining Corp. 2016-08-17

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 16, 2016) - NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") and Filo Mining Corp. ("Filo Mining") are pleased to announce that the previously announced spin-out of the Company's wholly-owned Filo del Sol property (the "Filo del Sol Project") into a wholly-owned subsidiary of NGEx by a Plan of Arrangement under the Canada Business Corporations Act (the "Arrangement") has been completed. The Company obtained the final order approving the Arrangement from the Supreme Court of British Columbia on August 15, 2016, and the Arrangement became effective at 12:01 a.m. (Vancouver time) on August 16, 2016.

  • NGEx Securityholders Approve Spin-Out of Filo Del Sol Project 2016-08-11

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2016) - NGEx Resources Inc. (TSX:NGQ) (NASDAQ OMX:NGQ) ("NGEx" or the "Company") is pleased to announce that its shareholders (the "NGEx Shareholders") and optionholders, (the "NGEx Optionholders, and together, the "NGEx Securityholders") have approved the previously announced proposed spin-out of the Company's wholly owned Filo del Sol property (the "Filo del Sol Project") into a wholly owned subsidiary of NGEx, Filo Mining Corp. ("Filo Mining") at the special meeting of NGEx Securityholders held on August 11, 2016 in Vancouver. At the special meeting, a special resolution approving the transaction was approved by 99.9% of the votes cast at the meeting in person or by proxy by NGEx Securityholders, voting together as a single class. In addition, NGEx Shareholders have voted 99.9% (in person or by proxy) in favour to approve the stock option plan of Filo Mining.

  • NGEx plans Filo del Sol spin off 2016-07-06
    New entity to be listed in Toronto and Stockholm
  • NGEx Announces Proposed Spin-Out of Filo del Sol Project 2016-06-14

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 13, 2016) - NGEx Resources Inc. (TSX:NGQ)(OMX:NGQ) ("NGEx" or the "Company") is pleased to announce its intention to spin out its wholly owned Filo del Sol property (the "Filo del Sol Project") into a wholly owned subsidiary of NGEx, Filo Mining Corp. ("Filo Mining"), through a Plan of Arrangement under the Canada Business Corporations Act (the "Arrangement"). The Arrangement is designed to deliver greater value to shareholders by unlocking the value of the Filo del Sol Project and the Company believes that it will also minimize dilution of the Constellation Project. The Filo del Sol Project is a silver-copper-gold deposit that straddles the international border between San Juan Province, Argentina and Region III, Chile and is comprised of adjacent mineral titles in Chile and Argentina which are 100% controlled by the Company through direct ownership or option agreements.

  • NGEx Financial Model Update Based on New Argentina Tax Rules and Also Files Technical Report for Project Constellation 2016-02-23

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2016) - NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") announces that, subsequent to the completion of the Project Constellation Preliminary Economic Assessment (the "PEA"), the export retention tax applicable to copper concentrate exports from Argentina was eliminated. The elimination of this tax increases Project Constellation's estimated after-tax NPV(8%) from $2.09 billion to US$2.61 billion; and increases the after-tax IRR from 14.5% to 16.6%. Project Constellation is the name given to the integrated project that evaluates the development of the Company's two large copper/gold/silver deposits, Los Helados and Josemaría, together as one project.

  • NGEx Announces Positive Result of Preliminary Economic Assessment for Project Constellation-A Combination of Los Helados and Josemaria and Conference Call 2016-01-07

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 7, 2016) - NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") is pleased to announce the results of a Preliminary Economic Assessment ("PEA") that evaluates the development of two of the Company's large copper/gold/silver deposits, Los Helados and Josemaría, together as one project. The Integrated Project will be called Project Constellation, and today's results indicate positive economics and position the Project amongst the largest and most exciting development projects in South America. Please see attached maps and figures (http://media3.marketwire.com/docs/1038725_Maps_Graphs.pdf).

  • NGEx Announces Positive Result of Preliminary Economic Assessment for Project Constellation-A Combination of Los Helados and Josemaria and Conference Call 2016-01-07

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 7, 2016) - NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") is pleased to announce the results of a Preliminary Economic Assessment ("PEA") that evaluates the development of two of the Company's large copper/gold/silver deposits, Los Helados and Josemaría, together as one project. The Integrated Project will be called Project Constellation, and today's results indicate positive economics and position the Project amongst the largest and most exciting development projects in South America. Please see attached maps and figures (http://media3.marketwire.com/docs/1038725_Maps_Graphs.pdf).

El Morro News

  • Goldcorp and Teck Combine El Morro and Relincho Projects in Chile 2015-08-27

    SANTIAGO, CHILE--(Marketwired - Aug. 27, 2015) - GOLDCORP INC. ("Goldcorp") (TSX: G, NYSE: GG) and Teck Resources Limited ("Teck") (TSX: TCK.A & TCK.B, NYSE: TCK) today announced an agreement to combine their respective El Morro and Relincho projects, located approximately 40 kilometres apart in the Huasco Province in the Atacama region of Chile, into a single project.

  • New Gold Announces Sale of El Morro Interest for $90 Million Cash and a 4% Gold Stream 2015-08-27

    (All dollar figures are in US dollars unless otherwise indicated) TORONTO, Aug. 27, 2015 /PRNewswire/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) today announces that the company has entered into an agreement with Goldcorp Inc. ("Goldcorp") to sell New Gold's 30%...


Related News

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    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that a wholly owned subsidiary has exercised a right of first refusal to acquire the 49% interest held by Rox Resources Limited ("Rox")(ASX:RXL) in the Teena/Reward zinc project, which is already subject to Teck's right to earn an additional 19% interest. The consideration will consist of AUD$10.6 million in cash (or AUD$8.0 million in cash and AUD$3.6 million in freely trading securities) payable on closing, a three year AUD$5.25 million interest bearing promissory note, and a further AUD$3.75 million in cash payable on the earlier of six years from the closing date or completion of a bankable feasibility study for the project. Closing of the transaction is subject to customary conditions, including definitive documentation. On closing, Teck will hold a 100% interest in the Teena project.

  • ASX: Rox Rewarded with up to $20.6 Million for Zinc Project Sale 2016-10-18
  • Kiska Regains Control of the Kliyul Project 2016-10-04

    VANCOUVER, BC--(Marketwired - October 04, 2016) - Kiska Metals Corporation (TSX VENTURE: KSK) ("Kiska" or the "Company") announces that it has regained control of its 100% interest in the Kliyul Project. This is the result of Teck Resources Limited ("Teck") notifying the Company that it is terminating the Kliyul Participation Agreement dated September 30, 2013 ("Agreement"). Under the terms of the Agreement, Teck completed IP geophysical surveys, archeological surveys, baseline water quality surveys, community engagement programs with local First Nations, and ~2,000 metres of diamond drilling in four holes, for a total expenditure of ~$3 million.

  • Teck Submits Regulatory Application for Quebrada Blanca Phase 2 2016-09-26

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) has, as part of the regulatory process, submitted the Social and Environmental Impact Assessment (SEIA) for its Quebrada Blanca Phase 2 Project (QB Phase 2) in northern Chile to the Region of Tarapacá Environmental Authority, consistent with the timing previously noted in the company's second quarter 2016 release.

  • Metals Creek Resources Corp. Mobilizes Diamond Drill Rig to the Ogden Gold Project Timmins, Ontario 2016-09-20

    TORONTO, ONTARIO--(Marketwired - Sept. 20, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") is pleased to report that the Company has mobilized a diamond drill rig to the Ogden Gold Project in Timmins Ontario and drilling is expected to start within 2 days.

  • Teck Announces Acquisition of Securities of Jet Gold 2016-08-31

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.

  • Teck raises concerns over Reward offer, JV following Rox–Marindi deal 2016-08-23
    Diversified mining company Teck Resources has raised concern over the offer that joint venture (JV) partner Rox Resources had accepted for its 49% interest in the Reward zinc and lead project, in the Northern Territory. Under a JV agreement, Rox was required to offer to sell its interest in the project to Teck on the same terms and conditions as any offer it intended to accept. However, Rox said on Tuesday that Teck had raised some concerns with respect to the offer and its compliance with the joint venture agreement. In doing so, Teck had reserved its rights under the JV agreement.
  • ASX: Sale of Reward zinc-lead project 2016-08-22
  • Rox accepts $21m offer from Marindi for Reward project stake 2016-08-17
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  • ASX: MZN: to Acquire Interest in World Class Reward Zinc JV 2016-08-16

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