one for the nay sayers..:-)10 Aug 2018 17:35
ALPALA COPPER GOLD DEPOSIT
• World class, Tier 1 Copper-Gold Discovery
• Likely to have more metal than majors gold miners inventory
• Spent $50M on 50 km drilling, 50km air mag, 30kms IP and ground mag
• Endorsed by
• Newcrest (14.54% non blocking holding) – top block cave miners globally
• BHP – active effort in Ecuador
• Resourced by
- Proven team over 150 years porphyry experience, 50 geologists
- USD$60 million net cash
- 5 Rigs, increasing to 10 rigs targeting up to 9,000m per month @ $450/m - Deviated drilling saves 3 weeks and US$350,000 per hole.
• Supportive Ecuador – regulatory / fiscal / community
• Maiden Resource and Feasibility studies management planning underway