Wednesday, September 07, 2011

Minority partner sought for Florence copper project.

Curis Resources, the junior mining company, planning to build an in-situ copper mine in outside Florence, is considering selling a minority stake in its project to a strategic investor, according to a report on

The article says Curis CEO Michael McPhie said in an interview that the company had already signed more than a dozen confidentiality agreements with companies interested in funding the estimated $238-million copper project. [right, project admin and storage buildings. Credit, Curis Resources]

The company's stock rose 3.7% on news that the Arizona State Land Dept. had sent a letter supporting the project.

Curis says "the Florence Copper Project site hosts a shallowly buried porphyry copper deposit with measured and indicated oxide mineral resources of 429.5 million tons grading 0.331% total copper (at a 0.05% total copper cutoff) and containing 2.84 billion pounds of copper."

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