Chile’s state-owned copper company, Codelco, and Compania Minera Mamina, a wholly owned subsidiary of Inco (TSE), will proceed with the second phase of exploration on the 10,000-hectare Mamina copper-porphyry deposit.
The work, to consist of geophysical and geochemical surveys and test drilling, is expected to be completed by November. If exploration results are positive, a feasibility study will then be undertaken.
The exploration and feasibility study could cost as much as $25.3 million. Upon completion of the study, Inco will have earned a 55% interest in the project, situated in northern Chile.
Be the first to comment on "Inco, Codelco exploring deposit"