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News > Los Calatos Copper Molybenum Porphyry Project Update
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Los Calatos is a copper-molybdenum porphyry system in southern Peru, near and in a similar geological setting to three large existing porphyry Cu-Mo mines.
Tenement holding expanded to 133 square kilometres in premier copper porphyry belt.
Approval for a 17,000 metre drill program due shortly, to upgrade and extend existing resource base.
Resources of 262 million tonnes @ 0.43% Cu & 0.042% Mo (0.74% CuEq) @ 0.2% copper cut off grade. The mineralised porphyry system is currently open in several directions and at depth.
Drilling intercepts include:
- 470 metres @ 0.49% Cu & 830 ppm Mo (1.11% CuEq)
- 256 metres @ 0.71% Cu & 500 ppm Mo (1.09% CuEq)
- 712 metres @ 0.53% Cu & 440 ppm Mo (0.86% CuEq)
- 590 metres @ 0.29% Cu & 540 ppm Mo (0.70% CuEq)
Surface quartz – sericite alteration halo approx 6 kilometres long
and 1 kilometre wide.
Date: Monday 07 Sep 2009
