Irish mineral explorer Minco to invest €6m in Canadian mining prospect

Minco, the Irish mineral explorer listed on the AIM market in London, is to invest just over €6 million to earn a 51 per cent interest in a base metal prospect in Canada.

5th May, 2012

Minco, the Irish mineral explorer listed on the AIM market in London, is to invest just over €6 million to earn a 51 per cent interest in a base metal prospect in Newfoundland, Canada, currently owned by the Canadian group, Buchans Minerals Corporation.

Minco is also investing €750,000 for a 10 per cent stake in the Canadian company and a further €750,000 for a six-month option to take an unspecified stake in a manganese prospect in...

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