Santa Fe Metals Corp. (TSX VENTURE:SFM) reported that it has entered into a binding Memorandum of Understanding with Tahoe Resources Group LLC of Reno, Nevada, USA whereby the Company has agreed to sell and TRG has agreed to buy 40% of the Cuatro Ciénegas Project for US$5.0 million.
Check back soon for profiles of leading lead companies.
Tombstone Exploration Corporation announced intentions to begin Phase 2 drilling on its 100% owned Tombstone mining acreage in Tombstone, Arizona, in the Spring of 2009.
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Miner HudBay Minerals Inc. is buying Lundin Mining Corp. in a friendly deal that creates one of Canada’s biggest publicly traded base-metals companies.
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by Heather Matthews – exclusive to Lead Investing News
Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment.
Zinc is currently trading at a bid/ask of .06494/0.6585, showing an [...]
By Heather Matthews – Exclusive To Lead Investing News
Lead spot prices remained unchanged on the London Metal Exchange (LME) as the Dow Jones plunged 700 points today. Investors raced to unload stocks as widespread fears about the current financial crisis continued.
Lead is currently priced at 0.7406 (low) to 0.7497 (high), with no changes over yesterday’s [...]
Shooters at the Petaluma Trap and Skeet Club have used lead bullets for their clay pigeon target shooting for 40 years. Seven tons of lead have accumulated on the property as evidenced by the annual report given to the EPA from the US Coast Guard, who owns the land.
Health officials worry about even trace amounts [...]
By Heather Matthews – Exclusive to Lead Investing News
Current market climate
Over the past nine months, zinc and lead spot prices have declined 26 per cent as a result of a long-term market surplus that has negated demand for the base metals worldwide.
The impact of this surplus is manifesting itself in myriad forms – mine [...]
Lead dropped after Monday’s close to $1,890.
Lead fell to $1,890 after hitting an intra-day low of $1,850, down 4.4 percent against Monday’s close of $1,935.
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Prairie Downs base metal project in Western Australia has found 1.8 percent lead.
It remains open at depth and along strike. This resource contains 295,000 tonnes of zinc, 2.6 million ounces of silver and 83,000 tonnes of lead. It includes a High Grade Resource of 1.6 million tonnes at a grade of 12.3% zinc, 36g/t silver [...]
Wednesday, June 2, 2010