Crown Mining Metallurgy at Moonlight

Canada gold, junior mining companies

Crown Mining (V.CWM) reported the results from its metallurgy testing at its California Moonlight copper property.

You can read the release here.

We covered Crown back in early December and you can read the interview with CEO Stephen Dunn here.

Dunn tells us that Crown is awaiting a Preliminary Economic Assessment expected in mid February.

As copper prices continue to rise, the 2 billion pounds of copper at the Crown Mining California property are looking more and more valuable. Today’s positive metallurgy report is another piece of the puzzle and derisks the deposit in a significant way. When we wrote about Crown in early December it was trading at around $0.15, today it is trading at $0.23. If copper runs up a bit, which many experts are expecting, $0.23 will look like a bargain.

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