News just in
Other news in the sector included a full year report from Metminco (LON:MNC), which called 2011 a year of significant achievements including the completion of a 34,200 metre diamond drilling programme at its wholly owned Los Calatos copper molybdenum deposit in Peru in December, which will be followed by an infill programme set to begin before the end of the current year.
At Mollacas, a drilling program that included 2,250 metre diamond drilling and 1,154 metre reverse circulation drilling was completed to facilitate a resource upgrade. A feasibility study for the project is set to be completed this year.
During the year, the company completed two capital raisings totalling £44.2 million to fund the acquisition of 50 percent of the Mollacas, Vallecillo and Loica projects, which are now wholly owned by Metminco.
found @ http://www.proactiveinvestors.co.uk/companies/market_reports/40470/company-snapshot-falkland-oil-gas-roxi-petroleum-3legs-resources-african-eagle-resources-diamondcorp-metminco-real-good-food-0000.html
metminco boosted by progress at los calatos
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