In the news with RFC Ambrian, Metminco


In the news: Metminco 

Jim Taylor and Imogen Whiteside have just released Metminco*† – Agreement to Acquire the Quinchia Gold Portfolio, 7 March 2016. ASX- and AIM-listed Metminco has just announced the acquisition of an exciting suite of gold and copper assets in Colombia. The company has signed a Heads of Agreement with RMB Holdings to purchase Minera Seafield, which owns 100% of the Quinchia Gold Portfolio in Colombia. This represents a significant step in Metminco’s evolution to becoming a gold producer with cashflows to fund exploration and production growth plans.
The acquisition brings some immediate benefits to Metminco:
• A near-term development project through the Miraflores deposit (1.88Moz Au, 3.8Moz Ag NI 43-101 MM&I). A feasibility study on this is largely complete.
• The Dosquebradas deposit, with an Inferred mineral resource of 0.92Moz Au & 1.04Moz Ag NI 43-101.
• A further potential development project through the Tesorito gold porphyry system (700m from Miraflores), where one of the three current drill holes returned an intercept of 384m at 1.01 g/t Au from surface.
• Significant regional exploration potential in the prolific Mid-Cauca porphyry belt in Colombia, which is host to AngloGold Ashanti’s 33Moz La Colosa deposit and Gran Colombia’s 12Moz Marmato gold mine.
We will be roadshowing Metminco’s CEO William Howe in London next week. He will be able to discuss this excellent acquisition and the company’s next steps. Please let us know if you would like a meeting.

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