http://www.stockwatch.com/News/Item.aspx?bid=U-thNaN-U:RDTMF-20161215&symbol=RDTMF®ion=U
Toronto, Ontario / TheNewswire / December 15, 2016 – Red Tiger Mining Inc. (TSXV: RMN) ( “Red Tiger” or the “Company” ) announces that it has ceased mining operations at Luz del Cobre copper mine. The Company has made this decision after completing an infill drilling program designed to better delineate the oxide-sulphide copper boundary in North and South pits.
The company had been nearing the end of its original mine plan, and was experiencing lower than expected copper recoveries. The results of the drill program demonstrated continued copper mineralization; however, the portion of acid soluble copper above cutoff remaining within the pit limits appears to be insufficient to continue the mining operation given the current recoveries being realized. The Company is investigating this further to fully understand the situation and to see what actions, if any, might be taken.