A 175-hole reverse-circulation program is under way on the Tacaza oxide copper project in southeastern Peru.
Owner Kookaburra Resources (VSE) has completed two column tests, both of which returned recoveries exceeding 80%.
The deposit hosts a flat-lying zone of copper oxide and supergene sulphide mineralization extending over an area measuring 1,300 by 300 metres and averaging 20 metres in thickness.
A grade exceeding 4% copper is indicated by underground sampling, though this has yet to be confirmed by drilling.
Besides the 2,500-hectare Tacaza property itself, Kookaburra controls 45,000 hectares in the surrounding region.
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