Seven special exploration and processing licences transferred to Canadian firm - Henry
The Mining Minister Mike Henry has confirmed that the seven special exploration and processing licences held by Oz Minerals have been officially transferred to the Canadian firm Carube Copper Corporation.
This means that Carube Copper now has 100 per cent ownership of 11 licences covering approximately 535 square kilometres in Jamaica.
The transfer paves the way for the company to embark on what the Mining Ministry says is an aggressive exploration programme for the Bellas Gate Project in Clarendon.
President and CEO of Carube Copper, Jeff Ackert, says available data indicates that significant copper and gold porphyry systems exits at Bellas Gate.