Focused on near-term production...
Mag Copper is a development and exploration company focused on putting the past producing Fabie Bay and Magusi Mines back into production. Located in Quebec, 35 km northwest of Rouyn-Noranda and 11 km from the Ontario-Quebec border, the Fabie Bay and Magusi projects host VMS style high-grade copper, zinc, gold and silver deposits. The Fabie Bay copper mine was in production as recently as 2008 but was put on hold when commodity prices fell. Today, Mag Copper is taking advantage of elevated copper, zinc, gold and silver prices to put the Fabie Bay Mine back into production followed by the Magusi. Management believes there is excellent potential to expand outside the known resource at both sites through exploration drilling thereby extending the mine life from the current projected 7 years.
December 17, 2013
Mag Copper Limited Completes Additional Tranche of Private Placement