Peruvian company posts polymetallic resource

Denver — Prefeasibility work at the Cerro Lindo property in central Peru has outlined high-grade zinc mineralization for that country’s Minera Milpo.

The measured, indicated and inferred resource, calculated by AMEC Simons, stands at 10.3 million tonnes of 8.6% zinc, 0.7% copper, 0.9% lead and 46.6 grams silver per tonne.

The global resource stands at 33 million tonnes of 4.9% zinc, 0.8% copper, 0.5% lead and 34.7 grams silver.

The resource is included in the prefeasibility study, which should be completed by April, at which time drilling will resume in an attempt to delineate two of the main deposits on a tighter spacing. Mineralization in the three deposits remains open in many directions and at depth.

Milpo, which is seeking a listing on the Toronto Stock Exchange, also operates the Ivan copper mine in northern Chile and the El Porvenir lead-zinc mine in northern Peru.

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