Big upgrade expected from Latin’s Peru project
14th Jun 2012
JUNE 14 – Recent successful drilling indicates the size and grade of Latin Resources' Guadalupito iron & mineral sands project in Peru could increase substantially from the current JORC 159Mt @ 5.7% total heavy minerals in just 5% of the total project area, says a new Resource Capital Research report.
The Guadalupito project has a 2Bt target over a 164sq.km project area of magnetite-rich mineral sands with a potential 1Moz contained gold indicated at 0.55g/t in the undersize.
Recent drilling underlines the potential for major resource size increases and higher grades, with one hole returning 7.4% HM over its full 39m length and the shallower zone (0-15m) assaying 9.8% HM.
A scoping study is currently underway for a potential fast track to first stage magnetite and gold production, based on 10Mtpa.
A subsidiary of the Chinese diversified Junefield Group has invested $A8.4M @ 28cps for a 16.8% stake in Latin and is farming into project exploration tenements with the right to spend another $35M to earn 70%.
Also in the June 6 - 12, 2012 edition
- AFRICA
- Japan raises banner of hope for would-be developers
- Minbos confident of fast start
- ASIA DESK
- Elemental offers more food for thought
- CENTRAL ASIA
- Sihayo lifts Indonesia gold resource again
- COAL
- Aspirations beyond the great divide
- EVENTS
- It's show time for organisers
- EXPLORATION
- Indonesia in, Australia out for Kingsrose
- FINANCE
- BC looks afar for corporate evolution
- Indo cut will boost nickel
- FROM THE CAPITAL
- Iron ore profit forecasts defy market pressures
- GOLD
- Azimuth finding more gold, maybe a CEO
- HEAVY METAL
- Good year for OTR tyre supply ... coming soon
- INTERCEPTS
- $385M Russian gold deal on again
- $3M capital raising for Greenland tantalum quest
- Acquisitions boost Coal of Africa resources
- Adroit $536,000 raising
- Ambitious Eastern Resources’ 6-year plan for 500,000oz pa
- Ausenco named for Minas Rio project studies
- ‘Brown Sugar’ sweetener for Aust Bauxite
- Bell Copper’s Mexican project in default
- BHP snaps up more Dam land
- Brumby gallops to Oakover scoping study
- Buckley takes top role at Tiaro
- Castlemaine doubles Ballarat output
- Central Asia switches to toll-treatment route
- CMQ raising from major shareholder
- Crocodile rocks on gold-backed $74m facility
- Decmil to deliver new mining village
- Diamondcorp lifts tailing production
- Driller dies in ground fall
- Drummond denies Colombian coal assets sale
- Eastplats shuts CRM stopes for redevelopment
- Endeavour starts Cote d’Ivoire mine construction
- ENK to drill again at Zambales
- ERA approves $A57M Ranger Deeps study
- First Uranium’s $405m assets offload hits another snag
- Forbes Coal heads for more growth
- Gold One takes a hard line on illegal strike
- Golden River investment in Canadian Acadian
- Herencia switches to Chile openpit plan
- Hughes blasts through to new drill contract
- Indonesia approves Essar’s Kalimantan coal mine
- Jobs Board to counter visa attacks
- Kolar lifts its Indian gold resource
- Leighton raises $A425M
- Lynas to pilot new process for Mt Weld deposit
- Marikana platinum mine to shut
- Mutiny sets its Deflector targets
- New Age secures big UK coal project
- New Australan titanium company for NYSE listing
- New union deal to cost Teck $34m
- Newcrest invests $A20M in PNG project
- Nkwe ponders dramatic Garatau mining change
- NovaGold clears the decks for Donlin development
- NSL finalises heritage pacts
- NUM in strike talks with Gold One
- Orica to fight Yarwun pollution charges
- Overland halts Yukon base metal mine work
- Pallinghurst boosts investment funds by ZAR800M
- PanTerra’s Dominican gold production delayed
- Police clash with sacked Modder East workers
- Polymetal realises quick result on Russian gold deal
- Production downgrade for Gran Colombia Gold
- Queenston buys more of Mistango
- Rambler beats budget at 1806 Zone
- Russian court rejects Flinders appeal
- Safety order shuts Stone Resources plant
- San Gold buys more of the Bissett neighbourhood
- Soviet ‘secrets’ saver for GB Energy
- Spanish coal miners protest subsidy cuts
- St Augustine checks its King-King rights
- Study supports re-start to Serabi’s Brazil mine
- Sundance to raise Mbalam cash
- Tyhee closes in on Yellowknife feasibility
- Underground option likely for Xtierra’s Bilbao mine
- Universal lifts Kangala coal services
- Whitehaven confirms Tinkler approach
- Yellowstone climbs to TSX listing
- ZCI comes to the aid of African Copper
- MINING IT
- MICROMINE introduces Pitram in Spain
- The A-E of gaining control
- PEOPLE
- New firm joins recruitment ranks
- PROJECT WATCH
- Stonehenge moves ahead on range of fronts
- SOUTH AMERICA
- Gold, iron and a silver bullet
- UnCUT
- Collision avoiding controversy
- UNDERGROUND
- Too big to fail
- VIEW FROM THE WEST END
- Show me the money
