The Conversation (0)
Samco Gold Ltd. (TSXV:SGA) announced that it has entered a share purchase agreement under which it will acquire Samco Minerals SA and Cia Dorita MA SAC, both of which are Mantaro Resources Ltd. subsidiaries.
Samco Gold Ltd. (TSXV:SGA) announced that it has entered a share purchase agreement under which it will acquire Samco Minerals SA and Cia Dorita MA SAC, both of which are Mantaro Resources Ltd. subsidiaries. The appeal of the subsidiaries is that they “hold certain exploration and mining concessions over” the Peru-based Dino zinc-lead-silver property.
Highlights of the Dino property include:
- The Dino Property comprises 5,510 hectares of continuous concessions hosted within Pucará Group carbonates with significant potential for CRD‐style mineralisation (carbonate replacement deposits);
- Extensive geophysical, geochemical and geological studies carried out to date, as well as underground and surface exposures, have indicated significant exploration potential for CRD‐style Zn‐Pb‐Ag mineralisation;
- Multiple drill targets delineated by geophysical surveys (>150 km IP and >800km mag) and geochemical studies (>6,500 MMI soil samples), as well as mineralised surface and underground exposures;
- Drill plan for 2015 campaign ready for immediate implementation; environmental permits required for drilling (DIA) already approved.
Click here to read the full Samco Gold Ltd. (TSXV:SGA) press release.