Acid Test: IEA Warns Copper Supply Outlook Has Worsened Considerably

Coyote Copper Mines Inc.No announcement accompanied the move on heavy volume. The 58 square kilometre Copper Springs project sits in Arizona’s Copper Triangle and abuts Rio Tinto’s Resolution claims, where a US$500 million drilling campaign has started near the boundary.

Pacific Booker Minerals Inc.Pacific Booker closed a $4 million placement at $2.15 a unit to fund a new economic assessment at the Morrison copper-gold project in British Columbia. Financing risk clears as the strategic review continues, after American Eagle’s hostile bid was terminated last month.

Spartan Metals Corp.Spartan expanded the footprint at the past-producing Tungstonia mine in Nevada more than 13-fold in a year, defining eight tungsten-silver veins across roughly 5.7 square kilometres with samples up to 5.18% tungsten trioxide. Around half the claims remain unexplored, with drilling due in August.

Minco Silver CorporationNo announcement accompanied the fall at the holder of a 90% interest in the Fuwan silver project in China’s Guangdong Province. The stock ran hard on the silver bid earlier this week and has given all of it back, a round trip on profit-taking.

Minaurum Silver Inc.Minaurum sold off with the silver names despite engaging SGS this week to update the resource at Alamos in Sonora, Mexico, where a January estimate outlined 55.2Moz silver equivalent. A 50,000m campaign runs toward that update later this year.

Bravo Mining Corp.No announcement drove the fall, which takes the stock through its 52-week low despite results ten days ago of 51m at 3.67 g/t palladium, platinum and gold at Luanga in Brazil’s Carajas. A prefeasibility study is still due this quarter.