Anglo steps up work at Aripuana

This year, Anglo American will spend at least $1.1 million exploring the Aripuana volcanogenic massive sulphide project in Brazil — a joint venture with Toronto-based Karmin Exploration.

Ground geophysics will be used to refine anomalies identified in an airborne survey. Drilling is slated to begin in the fall.

Last year, Anglo spent $1.7 million on the property, and, in the process, outlined several mineralized zones.

The Valley deposit has a resource of 11.6 million tonnes grading 6.29% zinc and 2.25% lead, plus 65 grams silver per tonne and minor copper and gold credits.

In October 2000, one hole in a 160-metre stepout west of the Valley deposit intersected 9 metres grading 16.6% zinc, 5.4% lead and 156 grams silver.

Meanwhile, an ACA Howe report on the Arex deposit, 1 km west of the Valley showing, confirmed a 7-million-tonne resource.

Total resources now stand at 18.6 million tonnes of polymetallic mineralization.

The South African-based major has a 70% interest in the project; Karmin, 30%.

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