NEW YORK, NY--(Marketwire - Dec 4, 2012) - Trilliant Exploration Corporation (
Copper used in power and construction hit its highest level since Oct. 19, 2012 at $8,045 a tonne on Monday, December 3, 2012 after data showed the pace of activity in China's manufacturing sector quickened for the first time in 13 months in November, adding to evidence its economy is reviving. China consumes about 40 percent of the global copper supply.
On December 4, 2012 from Reuters' Metals analyst, Ivan Szpakowski of Credit Suisse commented that, "We think copper is going to continue to rally in the next couple of months as from here on we should see some macro improvement. We see China getting better and we think there is good potential for restocking activity both in the U.S. and in Europe."
Copper Island Mines Ltd. rights and claims are located 15km NW of Campbell River, British Columbia. Copper Island Mines Ltd. is the operator of the 3000 hectare property. The area is known to host high grade chalcocite mineralization. The area has been under regular development and small scale production since 1915. The area hosts one of the highest densities of copper prospects in British Columbia and is rated high for mineralization by the BCGS (British Columbia Geological Service). Initial exploration on the Property was conducted by Dodge Copper in 1954 when 145 percussion holes were drilled outlining the Pomeroy areas. Exploration in the 1970s by Prince Stewart Mines and Quadra Mining resulted in a historic reserve estimate of 3.5Mt. grading 2% copper. Exploration in the 1990s resulted in a historical resource estimate from all occurrences of 5.3Mt grading 1.98% copper, and is used for historical reference purposes only.
About Trilliant Exploration (
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