Zaruma tests Luz del Cobre

Newly listed Zaruma Resources (ZMR-T) is carrying out metallurgical work at its Luz del Cobre project, in Mexico, in order to bring an existing feasibility study to the bankable level.

Situated in the San Antonio district of Sonora state, Luz del Cobre has minable reserves of more than 10 million tonnes of oxidized material averaging 0.7% copper. The metallurgical work will establish crushing guidelines for the study, which was conducted by Bateman Engineering. The final bankable study will also determine the final design of the leach site, open pit and process plant. Cathode copper will be produced using solvent extraction-electrowinning.

Zaruma was formed by combining Laminco Resources and the Norwegian company Zaruma Mining Corp. The merged company has 23.5 million shares outstanding, a significant portion of which are held by Norwegian investors.

In addition to Luz del Cobre, Zaruma owns the El Foco gold project in Venezuela. The company plans to carry out infill drilling to define and upgrade resources at the Alcaravan gold deposit.

The company also controls a gold exploration project adjacent to Luz del Cobre, gold projects in Ecuador and Niger (West Africa), and rights to gold and diamond concessions in Venezuela.