Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: CNSX
Sector: General Mining
Epic: FE
News: Latest news
Web Site: Cuervo Resources Inc.
Other Articles: 10-02-201001-02-201022-12-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Cuervo Resources Inc.

Cuervo Resources Inc.

Cuervo Resources Inc.is a public Canadian exploration company that completed an initial public offering on May 30, 2007. The company has acquired and is drilling properties prospective for iron ore in Perú through its Peruvian subsidiary Minera Cuervo S.A.C. Cuervo Resources Inc. is listed on the Canadian National Stock Exchange (CNSX) under the symbol FE. The company also trades on the Frankfurt Exchange under the symbol CRR.

Friday, April 23, 2010

Cuervo Resources raises C$0.7m to advance Cerro Ccopane iron ore project

company news image

Cuervo Resources (CNSX: FE, FWB: CRR) has raised C$0.7 million through a private placement to advance its Cerro Ccopane iron ore exploration project in Peru, where it is preparing to conduct a diamond drilling program to test the known billion tonne potential geophysical targets.

The company will issue 2 million units valued at C$0.35 each and consisting of one share in the company and one warrant entitling the holder to buy one share for C$0.55 for a period of 18 months after 17 May 2010, when the financing will close.

If Cuervo’s closing share price stays above C$1.10 for a period of 10 consecutive days within six months after the closing of the financing, the company will have the right to bring forward the expiry date of the warrants.

The planned work program in Peru will include extending the existing geophysical surveys and environmental permitting to prepare for the diamond drilling of the targets. The company said that the work program will improve its chances to secure a JV (joint venture) partner for Cerro Ccopane, which is located in the Cusco area of southern Peru.

Finding a partner will help the company fund the planned drilling program with an estimated cost of US$40 million to explore two major target zones at the property.

An NI43-101-compliant resource estimate for the Orcopura zone of mineralization currently stands at 56 Mt (million tonnes) grading 46% iron in the measured and indicated categories, while a further 51 Mt grading 43% iron is reported to be present in the Inferred category. Orcopura is only one of six known zones at the property, which is believed to have the potential to contain up to 2 billion tonnes of iron ore.

AddThis Feed Button
Register here to be notified of future Cuervo Resources Inc. articles.

Other Cuervo Resources Inc. articles


Other Cuervo Resources Inc. news

More news ►

Investors interested in Cuervo Resources Inc. recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.