Nautilus Minerals Inc. yesterday filed its updated Mineral Resource Estimate for the Solwara Project in the Bismarck Sea in Papua New Guinea.
Details of the updated resource were released to the market on November 25, 2011.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is developing its first project at Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce gold, copper and silver. The company has been granted all necessary environmental and mining permits.
Nautilus also holds approximately 600,000 square kms of highly prospective exploration acreage and tenements under application in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.
[mappress] Subsea World News Staff , December 30, 2011; Image: Nautilus Minerals