Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Metminco starts drilling new target at Los Calatos

Surface mapping identified the presence of copper oxides at the TD2 target.
Metminco starts drilling new target at Los Calatos
TD2 is southwest of the main Los Calatos deposit.

Metminco (LON:MNC) has started to drill the TD2 Target at its Los Calatos copper deposit in southern Peru.

TD2 is southwest of the main Los Calatos deposit. Surface mapping identified the presence of copper oxides that soil samples indicated was a well-developed copper anomaly similar in character to Los Calatos.

William Howe, managing director, said: "The drilling of the hydrothermal breccia at TD2 is important, as it has the potential to increase the resource base at Los Calatos, and with it to enhance the economics of any future mine development. 

“In parallel the process of securing a funding partner is progressing, with a number of interested parties undertaking due diligence, with further site visits planned." 

Los Calatos has a total estimated mineral resource of 352 mln tonnes at 0.76% copper, with a Measured and Indicated Mineral Resource of 136mln tonnes.

PhilW.jpg
Why Invest In Metminco Ltd? Read More Here

Register here to be notified of future MNC Company articles
View full MNC profile

Metminco Ltd Timeline

Newswire
June 22 2016

Related Articles

shutterstock_223846870.jpg
October 14 2016
At the end of the financial year, cash stood at US$4.5mln and debt at US$105.4mln
A drill rig
July 21 2016
Optiva has started covering the share with a target price of 8p - more than three times the current price of 2.3p
Picture of gold bars
June 20 2016
The portfolio at Quinchia covers 6,043 hectares (Ha) of granted concessions and an additional 3,792Ha of pending applications

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.