News Detail

News > Metminco Completes Ashburton Project Due Diligence

Download ASX Release PDF - 3meg

On 14 March 2008 Metminco Ltd advised that a Heads of Agreement had been executed between Metminco and Peak Resources Ltd, to advance exploration on the Ashburton Base Metal Project, which has the potential to host large base metal deposits.

The Directors of Metminco are pleased to further announce that following a thorough data review and field visit, together with due diligence, that the company will proceed with the Joint Venture Agreement.

Outstanding early geochemical results include 1.31% lead, 0.35% zinc, 46.5 ppm silver and 1.9% cobalt in rock chips. This anomalous geochemistry is coincident with geophysical anomalies.

Date:  Wednesday 09 Apr 2008