Vancouver — London-based
To do so, Monterrico must spend US$4 million over five years. Of that amount, US$75,000 must be spent in the first year.
Rio Blanco hosts one drill-outlined copper deposit and eight separate, untested targets.
Cyprus Antacori, which is now part of
The main copper porphyry target has been intersected by 18 drill holes over an area measuring 1.3 by 1.8 km and to a depth of 400 metres.
The prospect is the sub-horizontal layer of secondary enriched copper lying above a primary zone of mineralization.
A 1998 inferred resource came in at 50 million tonnes grading 1.04% oxide copper, with 53 million tonnes grading 0.48% copper in the transition zone. The primary copper resource is pegged at 200 million tonnes grading 0.54% copper. Monterrico says the surrounding untested copper-gold targets will be subjected to sampling and mapping.
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