Juniors are extremely important to major mining companies because they are the firms finding the deposits that will become the next mines. In this way, juniors help the majors to replace the ore that they are constantly depleting in their operating mines.
Where to look? BC and the Yukon
The mining industry is on the hunt for large copper deposits that have favorable grades and are in locations amenable to mine developments.
Over 80% of the world’s copper production comes from large-scale open-pit porphyry copper mines.
In Canada, British Columbia enjoys the lion’s share of porphyry copper/ gold mineralization. These deposits contain the largest resources of copper, significant molybdenum and 50% of the gold in the province.
Lured by copper, major miners drawn to Quesnel Trough and Golden Triangle – Richard Mills
In the table below by GlobalData, via Mining Technology, we note that of 10 major operating copper mines in…
