Indicator Minerals (CVE:IME) said Tuesday it has begun the 2011 exploration program at its Mohave copper porphyry project in northwest Arizona.
"There is strong technical evidence to suggest that the Mohave Project has the potential to host a very large copper-molybdenum-silver porphyry deposit," said president and CEO Bruce Counts.
"We have excellent copper, molybdenum and silver results from rock and soil sampling, a classic porphyry signature from previous IP work and the chance to evaluate economic potential with the first modern drill program in the property's history."
The 2011 work program will include up to 10,000 metres of diamond drilling, as well as induced polarization (IP) and ground magnetic surveys to define the extent of mineralization.
The company said a previous IP survey at Mohave identified a chargeability anomaly more than 2km in diameter.
The first phase of drilling at the site will begin in early April, and will be designed to test up to four areas of the property. The second phase is expected to commence in the third quarter.
The geology of the Mohave project is believed to be similar Freeport McMoRan's (NYSE:FCX) Bagdad Copper Porphyry Mine, which is located within 35km of Indicator's property.