Orion Reports Thick, High-Grade Zinc-Copper Intercepts at Prieska

The company said the final assay results received pave the way for the updated mineral resource, scheduled for mid-December 2018.

Orion Minerals (ASX,JSE:ORN) has announced that it has received the final assay results for the recently completed resource drilling program on the deep sulfide mineral resource at its Prieska zinc-copper project in the Areachap Belt in South Africa’s Northern Cape Province.

As highlighted in the press release:

  • Final assay results received from the recently completed deep sulfide mineral resource drill-out.
  • Paves way for the updated mineral resource, scheduled for mid-December 2018.
  • The final 17 intersections included thick, high grade massive sulphides.
  • Results include 32m at 5.05 percent zinc, 1.70 percent copper, 0.30 grams per tonne (g/t) gold and 15.32 g/t silver and 11.30m at 4.42 percent zinc, 3.70 percent copper, 0.51g/t gold and 32.68g/t silver.
  • Assay results also confirm and upgrade key target areas for future drilling to extend mineralization beyond the current mineral resource.
  • Newly-identified gold-rich lens with intersections of 2.27m at 2.22g/t gold, 2.80m at 2.40g/t golf and 2.40m at 2.19g/t golf highlights the potential for additional mineralization typical of VMS systems.

Click here to read the full Orion Minerals (ASX,JSE:ORN) press release.

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

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Rio Tinto Exploration and Calibre Mining Initiate 2021 Exploration Program Including 5,500 Metre Drilling Campaign Prioritizing Prospective Near-Surface Copper and Copper-Gold Mineralization

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on the Borosi exploration project held under an earn-in option agreement between Rio Tinto Exploration (LSE:RIO) (“RTX”) (“Rio Tinto”) and Calibre. Calibre controls a 100% interest in the Borosi concessions located in the prolific Mining Triangle region of northeastern Nicaragua. RTX has the right to earn a 75% interest by spending US$45 million over eleven years in the project ( see Calibre news release dated February 24, 2020 ). The Borosi exploration program is being directed by RTX through a partnership agreement with Calibre as project operator.

Highlights

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FDA Approves Trodelvy®, the First Treatment for Metastatic Triple-Negative Breast Cancer Shown to Improve Progression-Free Survival and Overall Survival

Trodelvy Significantly Reduced the Risk of Death by 49% Compared with Single-Agent Chemotherapy in the Phase 3 ASCENT Study –

– Trodelvy is Under Regulatory Review in the EU and in the United Kingdom, Canada, Switzerland and Australia as Part of Project Orbis

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Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties

Rio Tinto today released its 2020 Taxes paid: Our economic contribution report , which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties.

Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties.

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