S32 Hermosa deposit

S32 have released some figures associated with a portion of the Hermosa deposit which they paid heavily for and if we can beat these type figures we are in for a Bonanza.

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to report for the first time a Mineral Resource estimate for the Clark Deposit which forms part of its 100% owned Hermosa project located in Arizona, USA (Appendix 1 – Figure 1). The Clark Mineral Resource estimate (Table A) is reported in accordance with the JORC Code (2012)1 at 55 million tonnes, averaging 2.31% zinc (Zn), 9.08% manganese (Mn) and 78g/t silver (Ag).

Riqueza should be able to topple this with all the targets being generated although Hermosa also has more than one and is still under much investigation by S32. They are still looking for copper & other at Hermosa at present its still as listed above you can hop over to S32 and check out the announcement.

Riqueza should be able to topple this and has already shown itself to be Poly metallic same as Hermosa and S32 paid C$6.00 more per share but the other company had only 600 million shares if I remember not 4 Billion like INCA but still that make $1.00 a share look good but that would be a dream so we await these IP Surveys so as the picture of what is in the mountain becomes clearer.