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Metminco launches Colombian drilling campaign
AIM-quoted gold production firm Metminco has kicked off diamond exploration drilling on its Tesorito gold prospect in the Quinchia district of Colombia.
Metminco's current 1,500-metre diamond drilling program, designed to confirm and expand upon a previously intersected gold mineral system, includes hole TS_DH_02, which has shown 384m of gold at 1.1 grams per tonne from surface to end-of-hole and will also test a previously undrilled geophysical anomaly located approximately 300m to the northwest of TS_DH_02.
Tesorito consists of a cluster of diorite porphyry and granodiorite porphyry intrusive stocks, as well as an associated porphyry-style hydrothermal alteration zones and a coincident gold-in-soil geochemical anomaly.
Assay results from the diamond drilling at Tesorito are expected in August 2018.
As of 0910 BST, Metminco shares had soared 27.24% to 0.67p.