Metminco starts drilling at Tesorito

By Staff reporter / June 05, 2018 / www.mining-journal.com / Article Link

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.

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok