Dome Gold Mines has made what they believe to be a major raw Copper ore discovery on the outer edge of the Pacific Rim in Fiji at a prospecting project in the South Western province of Viti Levu. The Copper mineralization outcrop was stumbled upon during routine fieldwork while prospecting for Gold on Fiji’s main island. Follow-up investigations involving geological mapping and surveying as well as rock-chip geo-chemical sampling confirmed that the discovery was high quality porphyry-style Copper.
In the past there has been prior historical investigative drilling and prospecting efforts, but they only ever returned findings of low quality Copper deposits that were not worth the investment or effort to extract and refine. However, it is believed that these past drilling incorrectly calculated where the major Copper veins were located in the area, completely missing the target. This has re-opened the entire area up to more thorough drilling and investigations into the potential range and quality level of the minerals sitting below the surface of the South-Western Fijian soil.
This Copper discovery is good news for Fiji and their high unemployment rate since an opening of a domestic mine spells job opportunities and potential prosperity for the local people. Additionally, in a more global sense, the believed large magnitude of the Viti Levu Copper discovery could potentially decrease or at least stabilize the price of Copper ore in the South East Asia and Pacific Rim region, however only more thorough geological and geochemical investigations will solidify this for sure.
Shanghai Metal Corporation stocks a wide selection of Copper-related products and raw materials for all your construction or manufacturing needs. Please take the time to browse our online catalog at: http://www.shanghaimetal.com/Copper–tpl3.html. Alternatively you can email any of the follow emails for further information or quotes:
Zenn B.//SMC Editor