Northwest Copper up 19% on B.C. drilling results CanadiansInvest
The transaction was designed to consolidate the contiguous copper-gold exploration and development assets that included Serengeti’s Kwanika project and Sun Metals’ Stardust project. Both of these assets are expected to benefit from operational synergies as they are advanced with a combined development strategy.
It hoped to complete a pre-feasibility study at Kwanika that would examine the viability of a proposed open-pit and bulk underground copper-gold mine. However, the company didn’t have the funds to carry out that plan.
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