Reverse circulation drilling is set to begin at the Tacaza copper property in southeastern Peru.
Kookaburra Resources (TSE) is spending $500,000 on the 150-hole program, which is designed to calculate the amount of known mineralization. The property has never before been properly drill-tested.
Based on underground sampling, reserves were previously estimated at 4.5 million tons grading 4.5% copper. Also, preliminary metallurgical tests on leachability returned recoveries of 80% in 120 days.
Kookaburra hopes to outline an open-pittable, heap-leach reserve and is so confident results will be positive that it expects to begin a feasibility study this summer.
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