November 11th, 2008
Copper discovery in St. Julien’s
There’s copper in St. Julien’s…but is there enough for a mine?
That’s the multi-million dollar question.
“It’s one of the best prospects I’ve seen in about 15 years,” said Robert Freeman, vice-president of exploration for Eagle Ridge Minerals Ltd. “But it’s still a lottery ticket.”
Eagle Ridge has a nine-man team, five of whom are local, staking out the area and taking samples. The company is spending $750,000 on the current round of exploration, including a versatile terrain electromagnetic survey which was done last week from a helicopter. Over the next year the company plans to spend a further $5-million and exploratory drilling could begin this winter. Read the rest of this entry »
