Metminco starts drilling at Colombian gold prospect
Metminco Limited (ASX & AIM: MNC) has this morning announced it has commenced diamond exploration drilling on its Tesorito gold prospect in the Quinchia district, Colombia.
The company’s current 1,500 metre diamond drilling program is designed to confirm and expand the gold mineral system previously intersected in drilling by a previous operator.
Previous drilling included hole TS_DH_02 which reported 384m @ 1.1g/t gold from surface to end-of-hole. The current program will also test a previously undrilled geophysical anomaly located approximately 300m to the northwest of TS_DH_02.
MNC has rights to several highly prospective exploration prospects and targets around Quinchia in Colombia's Cauca Belt.
How prospective these are is yet to be seen and further work is required, so investors should seek professional financial advice for further information if considering this stock for their portfolio.
The Cauca Belt is host to several large gold resources including AngloGold Ashanti’s 28.5Moz La Colosa deposit and Gran Colombia’s 8.6Moz Marmato deposit.
Assay results from the diamond drilling at Tesorito are expected in August 2018.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.