Categories: Coin Shop Blog

General Moly to Explore for Copper, Silver and Zinc at Mt. Hope Project

General Moly (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure play molybdenum development company, reports that based on a review of historic drill results, the Company has identified a potential high-grade, copper-silver exploration target along with a significant zinc mineralized area at the Mt. Hope Project site, southeast of the Mt. Hope’s molybdenum deposit in central Nevada.

General Moly Chief Executive Officer Bruce D. Hansen said:

“We are extremely excited by the exploration findings to date, which were driven by our internal efforts and exceeded our expectations in terms of the scope of targets. We look forward to moving ahead with further geologic assessment and further exploration efforts later this year, in what we feel is an improving commodities’ market environment of rising molybdenum, copper, zinc, and silver prices.

We also feel that the future successful development of any of these non-moly opportunities, if warranted, should be value added and synergistic to our ultimate goal of building one of the world’s largest primary moly mines.”

Click here to read the full text release.

The post General Moly to Explore for Copper, Silver and Zinc at Mt. Hope Project appeared first on Investing News Network.

admin

Share
Published by
admin

Recent Posts

Wolfden Continues to Hit High-Grade in Deep Drilling at Pickett Mountain

Wolfden Resources (TSXV:WLF) has announced that additional deep drill holes in the company's ongoing infill and…

6 years ago

Gold Set to Soar Above $1,300 – Goldman and Bank of America

Gold Set to Soar Above $1,300 – Goldman and Bank of America – Growing fiscal…

6 years ago

1792 Half Disme Sold For Record Price Of Nearly $2 Million

The finest-known 1792 silver half disme, once in the possession of then-Secretary of State Thomas…

6 years ago

Gold Inches Higher, Silver Ends Near 1-Month High

In precious metals futures action Tuesday, gold and palladium climbed for a second straight session…

6 years ago

1792 Half Disme Sold For Record Price

The finest known 1792 silver Half Disme, once in the possession of then-Secretary of State…

6 years ago

Goldnomics Podcast: Silver Guru, David Morgan: Silver and Gold Will Protect in the Coming Currency Collapse

Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the…

6 years ago