North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Rio Tinto places C$25.6M bet on Casino

To gain better understanding of copper project's potential North of 60 Mining News – May 17, 2021

 

Last updated 6/3/2021 at 5:06pm

Rio Tinto Canada investment Casino porphyry deposit Yukon

Western Copper and Gold Corp.

Western Copper has outlined roughly 7.6 billion pounds of copper, 14.5 million ounces of gold, 113.5 million oz of silver, and 811.6 million lb of molybdenum at the Casino project.

Rio Tinto Canada Inc. is investing C$25.6 million (US$21.2 million) to acquire a roughly 8% stake in Western Copper and Gold Corp. and a foothold in the exploration company's Casino copper project in Canada's Yukon.

"The investment by Rio Tinto, a leading global mining group which operates in 35 countries around the world, and whose purpose is to produce the materials essential to human progres...



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