Indico Resources Reports Drill Results From Ocana Porphyry Cu-Mo-Au Project, Peru

By Midnight Trader,  January 09, 2013, 01:35:22 PM EDT

Indico Resources Ltd. (IDI.V) today reported "encouraging" drill results from the Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Arequipa Region, Peru.

In Phase 2, a total of 4733 metres were drilled in 19 holes. Based on the successful Phase 2 results, Indico plans to continue with a Phase 3 program of about 30 short (100 metre) infill drill holes at about 100-metre spacing to further delineate the supergene blanket. This program is expected to start in early 2013.

IDI shares fell 1.5 cents to $0.155 on volume of 44,500.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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