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METMINCO LIMITED - ASX: MNC
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Description
Metminco (MNC), incorporated in Australia, is an ASX and AIM listed mining exploration company with a 100% holding in Hampton Mining Limited (Hampton).
Hampton has exploration projects located in Chile and Peru, mainly focused on copper, with significant exposure to gold, molybdenum and zinc. The projects range from mine pre-feasibility, through advanced exploration to grassroots exploration.
Hampton’s premier project is the Los Calatos copper and molybdenum porphyry deposit located in southern Peru, near and in a similar geological setting to three large existing copper-molybdenum porphyry mines. At Los Calatos, Hampton has announced estimated JORC compliant resources (at a 0.2% copper cut-off grade) of 926 million tonnes, made up of Indicated Resources of 111 million tonnes at 0.39% Cu and 380ppm Mo and Inferred Resources of 815 million tonnes at 0.37% Cu and 260ppm Mo. Hampton is currently planning to commence a 50,000 metre phase 3 drilling program.
Hampton’s other advanced projects are the Mollacas copper leach project and the Vallecillo gold-zinc project. Both these projects are located in Chile, approximately 500km north of Santiago. Nearby Hampton has two significant early stage gold-copper exploration projects: Camaron and Isidro. Metminco’s remaining exploration projects in Australia will be divested or relinquished.
Mine For
copper, gold, molybdenum, zinc
Location of operation(s)
Chile, Peru
Address
Level 2 , 224 Queen Street
MELBOURNE, VIC, AUSTRALIA
Phone
(61 3) 9670 8896
Website
Last Updated
14/1/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
