Indico Announces Discovery of Copper-Gold-Molybdenum Porphyry

- October 4th, 2011

Indico Resources Ltd. (TSXV:IDI) reported the receipt of significant results from the Phase I drill program at the Ocaña Copper Project.

Indico Resources Ltd. (TSXV:IDI) reported the receipt of significant results from the Phase I drill program at the Ocaña Copper Project.

As quoted in the press release:

The Ocaña porphyry project covers 110 km2 located on the northwest extension of the Southern Peru Porphyry Copper Belt (Figure 1). The Toquepala, Quellaveco, Cuajone, and Cerro Verde Mines are on regional trend to the southeast. Recent exploration in the belt has also resulted in discovery of the Zafranal copper – molybdenum – gold porphyry deposit (NI 43-101 compliant Measured & Indicated resources of 301MT of 0.47% Cu, 0.08g/t Au), located approximately 75km to the southeast of the Ocaña Project.

Indico Rsources President & CEO, Gary Freeman said:

“We are delighted to have discovered such a strongly mineralized porphyry system with the first three drill holes at Ocaña,”

Click here to read the Indico Resources Ltd. (TSXV:IDI) press release

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