Southern Legacy Minerals Releases Initial Resource Estimate for AntaKori Project in Peru

By Midnight Trader,  July 03, 2012, 01:03:31 PM EDT

Southern Legacy Minerals Inc. (LCY.V), which starts trading on the TSX Venture Exchange today, announced the initial National Instrument 43-101 compliant resource estimate on the consolidated concession package of its 100%-owned polymetallic AntaKori Project in Cajamarca, northern Peru.

On a copper-equivalent basis, the resource was pegged at 5.9 billion pounds, using an average copper equivalent grade of 0.92%. Full results can be found on the company's website.

AntaKori contains copper, gold, silver, molybdenum, lead and zinc.

"AntaKori is a world-class deposit that remained undeveloped in the past due to fractured property tenures. Southern Legacy's success in consolidating a major portion of the properties that comprise the AntaKori Project has resulted in the significant resource announced today," commented Cesar Lopez, CEO of Southern Legacy.




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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