Copper Ridge Jumps More than 13% on Acquisition of Marg Deposit

By Midnight Trader,  April 18, 2011, 11:37:55 AM EDT

Copper Ridge Explorations Inc. (KRX.V) went up by more than 13% to nearly 47 cents after announcing its acquisition of an unencumbered 100% interest in the Marg Property, which hosts the Marg polymetallic volcanic associated massive sulphide deposit.

Chairman William M. Sheriff said "The acquisition of the Marg Deposit continues the company's strategy of acquiring quality precious metal enriched base metal resources in the Yukon. The Marg contains an identified resource that is larger and higher grade than the global average for this type of occurrence, with significant potential for expansion through additional exploration."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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