Company News Summary
Metminco Announces Optimisation Studies to Focus on High Grades at Los Calatos
Original announcement: Optimisation Studies to Focus on High Grades at Los Calatos
Metminco announced a further update to the Mineral Resources at its flagship Los Calatos Cu-Mo porphyry project in southern Peru following completion of a 65,677m drill program in October 2012. The Mineral Resource Estimate now includes those Mineral Resources that are amenable to open pit and underground bulk mining reflecting the more advanced stage of the project. The Company is focusing on maintaining an optimal capital expenditure and grade profile which should facilitate more attractive financial returns for the project in the current economic climate. With the completion of the Mineral Resource Estimate, Metminco is now undertaking open pit optimisation studies and high level underground mine planning with the objective of initiating a pre-feasibility study later in Q1 2013.
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