Financial Wire

Coyote Copper Mines Up 28% as it Starts Exploration Work on New Sulphide Copper Zone

-- Coyote Copper Mines (CCMM.V) shares rose 28% on Thursday after it announced the start of work on a newly discovered zone, with exposed copper sulphide mineralization and magmatic breccias within the Copper Triangle of Arizona.

The company said channel samples are being cut with a diamond saw and dispatched to American Assayers Laboratories in Sparks, Nevada for analysis.

Recent field efforts have led to the identification of a new mineralized zone, which includes a breccia pipe referred to as the Maher Breccia. It said broader zone remains under active evaluation, with current project mapping indicating a strike length of more than 4 km and a width exceeding 600 m.

Shares of the company were last seen up $0.055 to $0.25 on the TSX Venture Exchange.

Price: $0.25, Change: $+0.06, Percent Change: +28.21%

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Mundoro Capital Begins Drilling at the Skorusa East Target

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Update: Gold Edges Lower, Remaining Rangebound on Inflation Worries

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