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Gold/Mining/Energy : Copper - analysis
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From: LoneClone2/7/2007 11:42:03 AM
   of 2131
 
Peru Copper announces Toromocho copper deposit is suited to initial heap leach operation

Source: NoticiasFinancieras

metalsplace.com

Peru Copper announced in a statement on Monday that it has received highly favorable results from its recent column leach testing at the Toromocho copper deposit. They suggest that the geology of the deposit's orebody is suited to an initial heap leach operation followed several years later by flotation concentration.

The company expects it could be built largely from cash flow generated by the heap leach operation. According to Peru Copper, this could mean a "significantly smaller" up front capital investment, as well as a shorter timeframe to copper production.

The firm said that neither molybdenum nor silver will be recovered in the heap leach process but will be in the flotation concentration operation which follows. Peru Copper estimates that it is on track to complete a full feasibility study by the end of 2007.

Peru Copper is involved in the acquisition and exploration of potentially mineable deposits of copper in Peru.

In 2003, it entered into the Toromocho Option Agreement with Empresa Minera del Centro del Peru (Centromin), a Peruvian state-owned mining company, whereby Centromin granted the Company the option to acquire its interest in the mining concessions and related assets of the Toromocho Project.

Recently, Peru Copper entered into an option agreement to purchase all of the 225 hectares of mining concessions in the Morococha district currently owned by Peruvian Sociedad Minera Austria Duvaz.
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