Lumina Copper: der neue Kupferplay von Ross Beaty - 500 Beiträge pro Seite

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Homepage

http://www.luminacopper.com/new/Home.asp


Für alle Northern Peru Copper, Global Copper und Ross Beaty Freunde und solche, die es noch werden wollen, gibt es nun Lumina Copper.


Entstehungsgeschichte

Von Lumina Copper über Global Copper wieder zurück zu Lumina Copper

Global Copper ist aus der Lumina Copper Corp
hervorgegangen.
Lumina Copper wurde im Mai 2005 in 4 Unternehmen aufgespalten:

Regalito Copper Corp.
Northern Peru Copper Corp.
Lumina Resources Corp.
Global Copper Corp.

Jetzt sind alle 4 Unternehmen verkauft.

Lumian Copper ist aus dem [URL Verkauf von Global Copper an Teck Cominco]http://www.globalcoppercorp.com/s/NewsReleases.asp?ReportID=…[/url] hervorgegangen.
Global Copper wurde zwar verkauft, jedoch nur das Hauptprojekt Relincho:

Lumina Copper Corp. will hold all assets of Global other than the Relincho project, including Global's interest in the Taca Taca and San Jorge properties in Argentina, $10 million in cash and a 1.5% net smelter return royalty in respect of the Relincho project, payable commencing in the fifth year after the start of commercial production.

Ale anderen Projekte wurden in Lumina Copper ausgelagert.
Als Aktionär von Global Copper bekam man eine Barabfindung bzw. Aktien Von Teck Cominco sowie pro Global Copper Aktie eine neue Aktie von Lumina Copper.
Das komplette Management inkl. Ross Beaty ist ebenfalls nun bei Lumnia Copper.

Mit Lumina Copper kann man die Ross Beaty-Karte erneut spielen und
- hoffen, daß Rio Tinto die Taca Taca Option ausübt,
- in Ruhe schauen, was Coro Mining auf San Jorge zustandebringt,
- was Los Andes Copper bei Vizcachitas macht,
- was Ross mit den 10 Mio. Cash anstellt und
- sich auf die 1,5% NSR von Teck freuen (in ein paar Jahren).

Management

Ross Beaty trägt nicht zufällig den Spitznamen Mr. Broken Slot machine

In den letzten Jahren konnte man gutes Geld mit Ihm verdienen:

Chart Northern Peru Copper



Chart Global Copper



Wer sich etwas mehr einlesen möchte, dem seien diese Threads empfohlen:

Northern Peru Copper: Thread: Northern Peru Copper: 6 Mrd. lb Kupfer, 2 Mio. Unzen Gold=> MK nur 70 Mio EUR !
Global Copper: Thread: Global Copper: Kupferplay in Chile und Argentinien mit Ross Beaty am Steuer

Börse

Seit dem 05.08.2008 ist Lumina an der TSX Venture gelistet.

Lumina Copper Corp. To Trade On TSX Venture Exchange
August 1, 2008

LUMINA COPPER CORP. ("LCC")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: August 1, 2008
TSX Venture Tier Company

Effective at the opening August 5, 2008, the common shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'junior natural resource - mining' company.

Schlußkurs am 15.08.2008: 1,31 CAD

In Euro:
Ergebnis der Umrechnung
Symbol Kanadischer Dollar Wechselkurs Euro € Geldkurs Briefkurs
CADEUR=X 1,31 15 Aug 0,6418 0,8407 0,6418 0,6420

Shares Out (mil): 34.61




Projekte

About Lumina Copper Corp

Lumina Copper Corp. will own the Taca Taca copper/gold project located in northern Argentina. In January 2008, Global granted an option to Rio Tinto plc to earn a 75% interest in Taca Taca and Rio Tinto is currently engaged in an exploration drilling campaign. As well, the company will own the San Jorge copper/gold project located in central Argentina. In May 2006, Global granted Coro Mining an option to earn a 100% interest in the San Jorge project, subject to Coro making share and cash payments to Global based on the contained copper reserves in the feasibility study under preparation. Further information about Taca Taca and the Rio Tinto agreement, and about San Jorge and the Coro agreement, can be found at www.globalcoppercorp.com.

Lumina Copper Corp. will also own 6.28 million shares and 3.9 million warrants of Los Andes Copper, an exploration company currently developing the Vizcachitas copper/molybdenum project in Region IV, Chile, and a 2% NSR open pit mining royalty and a 1% NSR underground mining royalty on certain mineral claims that make up the Vizcachitas project. In addition, Lumina will hold $10 million in cash and the 1.5% Relincho NSR royalty as described above.




TACA TACA

Option an Rio Tinto

http://www.globalcoppercorp.com/s/NewsReleases.asp?ReportID=…" target="_blank" rel="nofollow ugc noopener">
http://www.globalcoppercorp.com/s/NewsReleases.asp?ReportID=…

To exercise the option, Rio Tinto will pay Global US$80 million within three years. In order to maintain the option during that period, Rio Tinto must pay Global US$3 million in staged payments, complete 25,000 meters of drilling and cover all Global's Taca Taca property maintenance expenses. Upon exercising the option, Rio Tinto will be responsible for the first US$120 million in expenditures on the project before Global will be required to fund its proportional share. In addition, Global can elect to have Rio Tinto contribute its share of exploration, development and mine construction expenditures on a deferred carried basis. Further, Global will maintain the right to independently market and sell its share of product produced by any future mining operation.

43-101
http://www.globalcoppercorp.com/i/pdf/taca-techreport.pdf

Historie
http://www.globalcoppercorp.com/s/NewsReleases.asp?ReportID=…[/url]


Play it again, Ross !


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PS: Dieses stellt weder eine Kauf- noch eine Verkaufempfehlung dar ! Do your own DD !

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Lumina Copper drills 426 m of 0.75% Cu at Taca Taca

2008-08-26 08:58 ET - News Release

Mr. David Strang reports

LUMINA COPPER REPORTS RESULTS FROM SIX DRILL HOLES AT TACA TACA INCLUDING 426 METERS GRADING 0.99% COPPER EQUIVALENT(II)-RIO TINTO DISCONTINUES OPTION

Lumina Copper Corp. has received notice from Rio Tinto PLC that it will not continue its option on the Taca Taca copper-gold-molybdenum project in Salta province, Argentina, in spite of drilling the best holes on the property to date. Rio Tinto indicated that despite the excellent results from its exploration program, the deposit would not likely meet its corporate objectives.

The results of the Rio Tinto program are highlighted by holes TTBJ-0007 which graded 426 metres grading 0.75 per cent copper, 0.16 gram per tonne gold and 0.025 per cent molybdenum (0.99 per cent copper equivalent(ii)) including 120 metres grading 1.40 per cent copper, 0.21 gram per tonne gold and 0.035 per cent molybdenum (1.73 per cent copper equivalent(ii)); TTBJ-0006 that returned 248 metres grading 0.89 per cent copper, 0.11 g/t gold and 0.036 per cent molybdenum (1.16 per cent copper equivalent(ii)) and TTBJ-0003 that returned 195 metres grading 0.78 per cent copper, 0.29 g/t gold and 0.030 per cent molybdenum (1.12 per cent copper equivalent(ii)).

Rio Tinto completed 5,003 metres in eight steeply inclined (minus 70 to minus 90 degrees) diamond drill holes drilled from six platforms covering an 800-metre-diameter area in the centre of the Taca Taca porphyry copper-gold-molybdenum deposit. Two of the eight holes (TTBJ-0001 and TTBJ-0004) were stopped due to mechanical reasons before they reached the target.

Rio Tinto targeted a deeper zone of higher-grade copper mineralization inferred to exist below the base of the existing drilling and also delineated a central area of enriched copper mineralization that is open to the north as well as to depth. The six successful Rio Tinto holes ranged from 472 to 1,153 metres in vertical depth and averaged 708 metres. In comparison, the 159 holes (24,614 metres) drilled by the five previous operators ranged in vertical depth between 15 and 529 metres and averaged 149 metres vertical depth.

The results of the successful holes are listed in the accompanying table.

TACA TACA DRILL HOLES
Rio Tinto
hole From To Int. Cu Mo Au CuEq
No. (m) (m) (m) (%) (%) (g/t) %(i)

TTBJ-0002 260 494 234 0.38 0.017 0.01 0.48
And 528 540 12 0.29 0.020 0.04 0.43
And 626 664 38 0.36 0.018 0.01 0.47
And 788 816 28 0.32 0.020 0.15 0.53
TTBJ-0003 294 489 195 0.78 0.030 0.29 1.12
TTBJ-0005 400 408 8 0.14 0.097 0.05 0.75
And 612 620 8 0.47 0.007 0.02 0.52
TTBJ-0006 316 564 248 0.89 0.036 0.11 1.16
Incl. 316 428 112 1.40 0.041 0.02 1.66
TTBJ-0007 228 654 426 0.75 0.025 0.16 0.99
Incl. 264 384 120 1.40 0.035 0.21 1.73
TTBJ-0008 294 518 224 0.55 0.015 0.09 0.70

(i) Copper equivalent calculated using $1 (U.S.)
per pound Cu, $400 (U.S.) per ounce Au and
$6 (U.S.) per pound Mo and is not adjusted for
metallurgical recoveries as these remain
uncertain. The formula used is as follows: CuEQ
equals Cu per cent plus (Au g/t times 12.86
divided by 22.05) plus Mo per cent times 132.28
divided by 22.05).
(ii) Intervals have been calculated using a
0.40-per-cent CuEq cut-off grade.

Lumina has now reacquired a 100-per-cent interest in the property. In light of the excellent Rio Tinto drill results, Lumina intends to aggressively advance the project. Within the next six weeks, after all data have been received from Rio Tinto, the company will release a comprehensive drill plan and a new 43-101-compliant resource estimate and during the fourth quarter initiate an exploration and infill drill program designed to expand and upgrade the zone of enriched copper mineralization at Taca Taca and to explore for the deeper zone of higher-grade copper-gold-molybdenum mineralization.

Leo Hathaway, PGeo, is the qualified person as defined by National Instrument 43-101 for the Taca Taca project and has reviewed and approved the contents of this news release and the QA/QC data and has visited the project and sampling facilities while drilling was in progress. The 2008 drill campaign on the project was managed on site by Rio Tinto geologists. Drill core was sampled every two metres and logging and sampling were completed at Rio Tinto's secure facility located at the project. The drill cores were sawn in half on site and the samples were securely transported to the Alex Stewart's 9001:2000 certified facilities in Mendoza, Argentina, for sample preparation and analysis. Total copper content was determined by three-acid digestion with atomic absorption finish. Rio Tinto inserted standards, blanks and duplicates selected on a random basis into the sample stream and sent sample pulps from one complete hole to check laboratories in Santiago, Chile.

We seek Safe Harbor

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Northern Miner, Volume 94 Number 27 Aug 26 - Sep 1, 2008
Daily News Tuesday, August 26, 2008

Taca Taca cha-cha: Rio returns option to Lumina

Vancouver - After drilling six holes Rio Tinto (RTP-N, RIO-L) has passed the buck again on Taca Taca, giving its option on the Argentinean property back to Lumina Copper (LCC-V). And this, as Lumina announced, despite coring almost half a kilometre grading 0.75% copper, 0.025% molybdenum and 0.16 gram gold per tonne in hole 7 starting 228 metres downhole.

"We're happy to get the property back," Lumina president David Strang says. "It just doesn't meet (Rio's) criteria. But it will meet the criteria of others."

He says the company plans to take Rio's drill results, and in conjunction with previous ones, get a NI 43-101 compliant resource estimate out within the next six weeks. A historical resource had pegged Taca Taca at 240 million tonnes grading 0.41% copper.

But Strang says he expects to calculate an inferred resource with higher than historical grades, noting the recent round of Rio's drilling.

"Rio Tinto encountered significantly higher grades than previous drilling," he says.

Apart from the 426 metres encountered in hole 7, Rio also drilled 248 metres in hole 6 grading 0.89% copper, 0.036% moly and 0.11 gram gold starting 316 metres downhole and hole 3 hit 195 metres grading 0.78% copper, 0.030% moly and 0.29 gram gold beginning 292 metres beneath the surface.

On news of the results and the option return, Lumina's share price remained unchanged at $1.25.

Taca Taca has a long history of major dance partners, with a total of 156 holes for about 24,000 metres drilled. Falconbridge started by punching in three holes during the late 1970s. BHP Minerals upped the ante in the late 1990s, pumping in an additional 33, only to pass it on to Corriente Resources (CTQ-V, ETQ-X).

And even Rio had a go of it before its more recent round. In 1999 it put in 9 holes before giving it back to Corriente.

Nearly ten years later, in January of this year, Rio announced its resurgence of interest in the property. It picked the option up again, this time from Lumina (then named Global Copper before Teck Cominco (TCK-T, TCK-N) acquired it and its Relincho property) for a potential exercise price of $80 million.

Rio's drilling – and interest – over, that cheque will no longer be coming.

But Strang still sounds optimistic. With a resource estimate in hand he says Lumina plans on beginning its own drill program in the fourth quarter, subject to the availability of equipment.

"I think the estimate will form a strong basis to start stepping out," he says.

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Lumina's Taca Taca at 841 M t of 0.64% CuEq inferred

2008-10-09 08:35 ET - News Release

Mr. David Strang reports

LUMINA COPPER REPORTS A NEW SULPHIDE INFERRED MINERAL RESOURCE ESTIMATE FOR THE TACA TACA COPPER/MOLYBDENUM/GOLD DEPOSIT-841 MILLION TONNES GRADING 0.64% COPPER EQUIVALENT

Lumina Copper Corp. has received an independent, National Instrument 43-101-compliant, sulphide mineral resource estimate for its 100-per-cent-owned Taca Taca copper/molybdenum/gold deposit located in Salta province, Argentina. At a 0.4-per-cent copper equivalent cut-off, the inferred mineral resources estimated at Taca Taca is 841 million tonnes grading 0.64-per-cent copper equivalent, containing 8.71 billion pounds of copper, 2.97 million ounces of gold and 333.7 million pounds of molybdenum.

David Strang, president and chief executive officer, said: "We are extremely pleased with this new mineral resource estimate for Taca Taca which highlights the project as one of the largest undeveloped copper/molybdenum/gold deposits in South America. Of particular interest are the deeper zone of higher grade copper mineralization and central area of enriched copper mineralization that is open to the north and at depth. We intend to initiate a comprehensive drill program during the first quarter of 2009 to further evaluate these areas for resource expansion."

Grades and tonnages from the new inferred resource estimate at various copper equivalent cut-off grades are presented in the table.

INFERRED SULPHIDE MINERAL RESOURCE -- TACA TACA DEPOSIT

Size Grade Contained metal

CuEq(1) Tonnes CuEq(1) Cu Au Mo Cu Au Mo
cut-off (million) (%) (%) (g/t) (%) (B lb) (M oz) (M lb)

0.3 1,303 0.54 0.39 0.09 0.016 11.20 3.77 459.6
0.4 841 0.64 0.47 0.11 0.018 8.71 2.97 333.7
0.5 517 0.76 0.56 0.14 0.020 6.38 2.33 228.0
0.6 346 0.87 0.65 0.15 0.021 4.96 1.67 160.2
0.7 249 0.96 0.73 0.16 0.022 4.01 1.28 120.8

(1) Copper equivalent calculated using $1.50 (U.S.) per pound Cu, $600 (U.S.)
per ounce Au and $9.00 (U.S.) per pound Mo, and is not adjusted for
metallurgical recoveries as these remain uncertain. The formula used is as
follows: CuEQ equals Cu per cent plus (Au g/t multiplied by 0.583) plus
(Mo per cent multiplied by six).


The new mineral resource estimate was based upon a total of 29,503 metres in 167 drill holes drilled by previous operators and includes eight holes (six platforms) drilled by Rio Tinto earlier this year. Model grade estimates are generated with ordinary kriging using a nominal block size measuring 25 metres by 25 metres by 15 metres (vertical). An updated National Instrument 43-101 technical report detailing the new mineral resource estimate will be completed and filed within 45 days.

Additional information on Taca Taca can be found on the company's website and on SEDAR, including the 43-101 report "Amended and Re-stated Taca Taca Technical Report" by Steven Blower, PGeo, and Robert Sim, PGeo; dated July 21, 2008.

Mr. Sim, PGeo, from Norwest Corp. and a qualified person as defined by NI 43-101, is responsible for the mineral resource estimate. Leo Hathaway, PGeo, the qualified person as defined by NI 43-101 for the Taca Taca project, has reviewed and approved the content of this press release.

We seek Safe Harbor.