Drilling coming- Metminco looking for more reserves

Found this story in Peruvian newspaper dated 12 May www.larepubkica.pe/12-05-2015/metminco-busca-mas-reservas-de-cobre-y-molibdeno-en-moquegua


Rough translation follows:
Metminco looking for more reserves of copper and molybdenum in Moquegua
Green light. MEM approved expanding project EIA semi detailed The Calatos in Torata. They seek more ore reserves.

Despite the current situation prevailing in the country, social conflict in the valley of Tambo, Islay - Arequipa, the interest of mining investors has not changed much in the Moquegua region. Metminco Company Limited achieved a green light from the Ministry of Energy and Mines (Minem) to resume exploration work on the project Los Calatos located in the district of Torata.

The General Directorate of Mining Affairs (attached to Minem office) approved the second amending Environmental Impact Assessment (EIA) of Metminco semidetailed last April 28.

The regional director of Energy and Mines, Ayamamani Edgar Quispe, said the company already had authorization for 41 holes of diamond. With the recent permission was extended to 75 holes and a new direction. Transnational holds the concession of 20 thousand 35 hectares of land."This shows that despite the social problems, is the willingness of companies to invest in finding more reserves".

It is estimated that Calatos has a volume of 926 tons of copper and molybdenum

In early 2014, the mining began with studies and infrastructure to produce copper in combined operation of open pit and underground mine in the medium term. But external factors such as the falling price of metals, stopped their exploration work.

Ayamamani said now that Metminco resumed its work, wants to find new reserves to make the project more profitable. For tasks of exploration it is moving water in tanks from the field of INIA, in the valley of Moquegua