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Metminco Ltd.
Summary
| Project: | Miraflores | |
|---|---|---|
| Deposit: | Tesorito | |
| Location: | Colombia | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 8/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2018: Metminco Ltd. announces an Exploration/Drilling Update report for its Tesorito deposit at the Miraflores project. Drilling results incl. 253.1m @ 1.01g/t Au, 0.87g/t Ag, 0.07% Cu from 2.9m. Executive Chairman Mr. Kevin Wilson commented: “The co | |
| Resources: | (Reserve, P+P): 4.32Mt @ 3.29g/t Au, 2.77g/t Ag | |
| CP/QP: | [Overall Report]: Gavin Daneel (Independent) | |
| ABSTRACT: | Executive Chairman Mr. Kevin Wilson commented: “The confirmation of a mineralised porphyry with higher grade gold mineralisation at Tesorito is a material step forward for the Company. We are very excited by the results of this drilling. It demonstrates that there is potential for the Company’s 880koz Resource at Miraflores to be complemented by this near surface mineralised target at the Tesorito porphyry, only 800m to the southeast. Importantly, any near surface, higher grade gold mineralisation delineated at Tesorito has the potential to materially improve the economics of the Miraflores feasibility study though an integrated development plan, sharing mine and process infrastructure. In addition, we have additional targets at Chuscal and Dosquebrados requiring follow-up, all within a potential radius of operation for a centralised plant.” All references to mineralisation that pertain to the Tesorito Target are limited in meaning to the geological processes that result in the introduction of minerals of economic interest. For the avoidance of doubt, there is no guarantee that the mineralisation at Tesorito will be of sufficient concentration and extent as well as having favourable geotechnical and metallurgical characteristics that make it profitable to extract using modern mining and beneficiation processes | |
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