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Declan Resources Acquires European Copper Cobalt Project
VANCOUVER, British Columbia, July 06, 2018 (GLOBE NEWSWIRE) -- Declan Resources Inc. ("Declan" or the "Company") (CSE:LAN) announces that it has entered into an
About this update from Quest Critical Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, July 06, 2018 (GLOBE NEWSWIRE) -- Declan Resources Inc. (\"Declan\" or the \"Company\") (CSE:LAN) announces that it has entered into an arm’s length share purchase agreement (the “Agreement”) to purchase 100% of the shares of Tisova Pty Ltd., (“Tisova”) and TGER Pty Ltd. (“TGER”). Tisova and TGER are private companies which have been granted a 100% interest in and to certain mineral concessions located in the Czech Republic and Germany (the “Properties”). The Properties are comprised of two concession and four concession application parcels comprising 15,929 ha in both Germany and the Czech Republic. Mining at Tisová was first recorded in the 13th Century and, by the 16th Century, there were over 2,000 workers at three underground mines producing 5% copper. Production was smelted locally in several parts of the Tisová valley, marked now with abandoned slag piles. A local industry of copper and brass fabrication was also spawned by the Tisová mining activity. Musical instrument manufacturing has extended from the 16th Century to present day in the district. Modern style mining commenced in 1899 with the founding of the Klingenthal-Graslitzer Copper Mining Company. Between 1900 and 1904, the \"Erhard-August-shaft\" was sunk to a depth of 100 meters and a 1813 m long cross-cut was driven. After the First World War and the disintegration of Austria-Hungary, the Graslitz (“Kraslice” in Czech language) region ceded to the newly founded Czechoslovakia in 1918. The new political situation led to the closure of the mill on the Saxon side. The buildings and treatment plants of the Klingenthal-Graslitzer Copper Mining Company were demolished between 1923 and 1929. Czech State Mining Company Operations operated under the communist regime from 1959-1973. Records indicate the underground mine produced 560,000 tonnes of copper ore @ 0.68% Cu (recovered). Historic grab samples from waste dumps assayed as high as 0.69% Cobalt, 17.1% Copper, 3.7 g/t Gold and 178 g/t Silver. Grab samples are possibly not indicative of the mineralization and additional sampling is required to evaluate the potential. Sulphide zones are illustrated as more than 100m true thickness with higher-grade copper horizons forming lenses up to 5m wide. Historic data from over 30 kilometres of underground workings, a...