EXPLORATION & DEVELOPMENT

Metminco starts drilling at Tesorito

Metminco (ASX: MNC) has started a 1,500m drilling programme at its Tesorito prospect in Colombia’s Quinchia district.

Staff reporter
Metminco's diamond drilling programme at Tesorito will build on drilling done by previous owners

Metminco's diamond drilling programme at Tesorito will build on drilling done by previous owners

In March, it said it was raising upwards of A$5 million (US$3.86 million) for exploration in Colombia.

The company hopes the diamond drilling programme will confirm and expand the gold mineral system previously drilled by a previous owner, as well as test a previously undrilled geophysical anomaly.

Of the three diamond core holes previously drilled, the best hit a 384m intercept grading 1.1g/t gold, 0.9g/t silver and 0.08% copper from surface to the end of the hole.

Intercepts from the other two holes were 340m at 0.4g/t gold , 0.58g/t silver and 0.03% copper, and 255m at 0.51g/t gold, 0.67g/t silver and 0.05% copper.

Metminco said previous drilling had also encountered higher levels of copper and molybdenum as it approached a high chargeability induced-polarisation geophysical anomaly at depth.

The company expects assay results from its drilling in August.

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