A contract to develop the Bajo de la Alumbrera copper-gold porphyry deposit in northwestern Argentina has been negotiated by International Musto Explorations (VSE) with a quasi-government mining company.
According to Musto, it is the first foreign company to initiate a major mine development program in Argentina since the current democratic government was elected to power in 1989.
Proven reserves of 340 million tonnes averaging 0.49% copper and 0.62 grams gold per tonne have been outlined, Musto says, and the deposit is open at depth. Musto expects to complete a feasibility study by mid-1993. Sutton resumes Guyanese drilling
Drilling recently resumed at the Marudi Mountain gold project in south-central Guyana, Sutton Resources (VSE) reports.
The drilling campaign in 1991 concentrated on an area at one of the concessions gold zones, Mazoa Hill, which the company says is open at depth and probably along strike in one direction. The property has the potential to host a significant open pittable reserve, Sutton says.
Be the first to comment on "PROJECT ROUNDUP (April 20, 1992)"