logo-loader

In the news with RFC Ambrian, Metminco

no_picture_pai.jpg

In the news: Metminco 

FROM THE BROKING DESK
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.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metminco Ltd named herein, including the promotion by the Company of Metminco Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Fireweed Zinc reveals 'best ever' hole drilled at Macmillan...

  Fireweed Zinc Ltd (CVE:FWZ) CEO Brandon Macdonald tells Proactive the zinc explorer has posted encouraging drill results from the first hole this year at the Boundary Zone in Yukon, an area that could boost the Macmillan Pass project's resources and economics. Macdonald says the...

6 hours, 27 minutes ago

2 min read