1st May 2015 09:16
LONDON (Alliance News) - Metminco Ltd said Friday it has made "excellent progress" with investigative work at the Los Calatos deposit in southern Peru during the first quarter of 2015, with two high priority targets identified close to the deposit, one of which is drill ready.
At its Mollacas project in Chile, the company said it is awaiting a decision from the Chilean Constitutional Tribunal in relation to the validity of a previous adverse judgement against Metminco. It has been told that this ruling is imminent.
Metminco had cash of AUD900,000 at the end of the quarter, and raised AUD1 million during the period in a placing.
Shares in Metminco are untraded Friday morning. It last closed at 0.250 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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