Junior roundup: Fura, Inca Minerals, Hot Chili, Horizonte, Continental

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Tuesday, November 7, 2017

Toronto-based Fura Gems appointed Joe Carrabba as non-executive chairman, effectively immediately, according to a company statement.

Fura has interests in the Coscuez emerald mine in Colombia's Boyacá department.

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The shares of Peru-focused Inca Minerals will resume trading on Thursday on the Australian Securities Exchange, following a trading halt request pending the release of a prospectus announcement, according to a securities filing.

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Chile-focused Hot Chili executed a formal agreement to earn a 70% interest in the Lulu high-grade project, located some 30km west of its flagship Productora copper project in Atacama region (III), by paying US$2.45mn in stages over four years.

Lulu, in combination with the San Antonio project, which is expected to be secured shortly, form the beginning of the company's expanded strategy to transform Productora into a higher margin and larger scale "copper operating center," Western Australia-based Hot Chili said in a press release.

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Brazil-focused Horizonte Minerals has submitted its mine plan to the country's national mining agency for the Araguaia nickel project, the company said in a statement.

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Toronto-based Continental Gold announced the start of major earthworks at its Buriticá project in Colombia's Antioquia department.

Work includes all mill site and infrastructure excavation.

Continental expects Buriticá to achieve first production in the first half of 2020.