17th Feb 2016 08:07
LONDON (Alliance News) - Metminco Ltd on Wednesday said diamond drilling has commenced on the TD2 target at the Los Calatos project in Peru.
The target is located to the south west of the main deposit at the site and shares a number of similarities with areas showing the presence of mineralisation at Los Calatos, Metminco said.
"The drilling of the hydrothermal breccia at TD2 is important, as it has the potential to increase the resource base at Los Calatos, and with it to enhance the economics of any future mine development," said William Howe, Metminco's managing director.
Shares in Metminco were up 3.1% to 0.1598 pence on Wednesday just after the open.
By Sam Unsted; [email protected]; @SamUAtAlliance
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