LATIN AMERICA ROUNDUP — Morgain plans infill drilling

Infill drilling is to begin later this year on the Cuatro Hermanos porphyry copper property in Mexico’s Sonora state.

The work is scheduled to last 18 months at a cost of US$3.5 million. Morgain Minerals (VSE) owns the property, subject to a 15% net profits interest, and is negotiating with a European securities company for the funding.

Based on widely spaced holes, open-pit geological reserves are estimated at 250 million tons grading 0.43% copper and 0.022% molybdenum. The north side of this zone is characterized by extensive gossans, copper mineralization and favorable geology. Yet to be drilled, this zone could expand the mineral inventory by two- or three-fold, the company says.

Results from recent drilling on the adjacent Cactus zone outlined 10.7 million tons grading 0.58% copper-equivalent mineralization and is open in all directions.