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Metminco Ltd.
Summary
| Project: | Miraflores | |
|---|---|---|
| Deposit: | Tesorito | |
| Location: | Colombia | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 7/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-7-2018: Metminco Ltd. announces an Exploration/Drilling Update report for its Tesorito deposit at the Miraflores project. Drilling results incl. 179.8m @ 0.7g/t Au, 0.91g/t Ag, 0.064% Cu from 0m. Metminco Limited (ASX & AIM: MNC) (“Metminco” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gavin Daneel (Internal) | |
| ABSTRACT: | Metminco Limited (ASX & AIM: MNC) (“Metminco” or the “Company”) is pleased to announce the results of the assays received to date for the first two diamond drill holes (partial results received for the TS_DH_05) from its Tesorito gold prospect in the Quinchia district, Colombia (Table 1). The Quinchia district occurs in the mid Cauca belt, host to large gold deposits such as La Colosa (28Mozs) and Quebradona (21Mozs) (Figure 1). The Tesorito prospect occurs 800m south east of the Company’s Miraflores deposit (0.88Moz gold Resource) and approximately 3km south east of the Company’s Dosquebradas deposit (0.92Moz gold Resource estimated under NI 43-101 – see announcement dated 7 March 2016). It is also located approximately 2km north of the large undrilled Chuscal porphyry target. The Company’s current 1,500m diamond drilling program, is designed to confirm and expand the gold mineral system intersected in drilling by a previous operator. This included hole TS_DH_02 which reported 384m @ 1.1g/t Au from surface to end-of-hole (Table 1, refer announcement 7 March 2016). The program will also test a previously undrilled geophysical anomaly located approximately 300m to the northwest of TS_DH_02 (Figure 2). | |
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