Canadian Mining Journal


Reservoir Minerals teams up with Rio Tinto

For a junior company to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing short of amazing. Reservoir Minerals (TSXV: RMC; US-OTC: RVRLF) has done both.

Since 2010, Freeport-McMoRan (NYSE: FCX) has earned a 55% interest in Reservoir’s high grade Timok project in eastern Serbia’s Timok Magmatic Complex, and will own 75% of it once it completes a bankable feasibility study.

… Now Reservoir Minerals has signed a second earn-in and joint venture agreement with Rio Tinto (NYSE: RTP; LSE: RIO) on four wholly owned exploration permits in the same Timok Magmatic Complex.

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