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indico resources ltd (IDI) Details

Indico Resources Ltd., an exploration stage company, acquires, explores, and develops Porphyry copper gold deposits in Peru. It has interests in the Ocaña Porphyry Project that consists of 22 concessions covering 110.24 square kilometers and is located in the Arequipa Region. The company was founded in 2006 and is headquartered in Vancouver, Canada.

Founded in 1996

indico resources ltd (IDI) Top Compensated Officers

President, Chief Executive Officer, Director ...
Total Annual Compensation: C$240.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

indico resources ltd (IDI) Key Developments

Indico Announces Resignation of Eric Wardle as Director

Indico Resources Ltd. announced the resignation of Eric Wardle as a director of the Company. The Company will therefore be nominating only seven directors for re-election at the Company's annual general meeting scheduled to be held on December 11, 2014, namely, Robert Baxter, Hendrik van Alphen, Tareq Damerji, Brian Kerzner, Robert Parsons, David Savage and Asgari Stephens.

Indico Resources Ltd. Auditor Raises 'Going Concern' Doubt

Indico Resources Ltd. filed its Annual on Sep 29, 2014 for the period ending May 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Indico Resources Announces Completion of Phase 3 Drilling of Supergene Zone at Ocana

Indico Resources Ltd. announced the successful completion of the Phase 3 Drill Programme on the supergene zone. Total copper assay results for 13 additional drill holes, including soluble copper assays for nine holes, are also reported here. All thirty-three holes were completed as planned and totalled 2,975 metres. Two of the strongest intersections from this programme occur at the eastern end of the main ridge: hole OCA13-28 with 36.2m of 0.68% total copper, and hole OCA13-27 with 92.9m of 0.34% copper, including 31.5m of 0.69% copper. The latter intercept is at the edge of the drilling and open to the east under the area where the four deep hypogene holes are still planned. Assays results are pending for holes 30 to 33, drilled on the north slope of the ridge. The Ocaña Property consists of 22 concessions covering 110 km2 and is located on the northwest extension of the Southern Peru Porphyry Copper Belt, a trend defined in part by the Toquepala, Quellaveco, Cuajone, and Cerro Verde Mines to the southeast. Most recent exploration of the belt has resulted in discovery of the Zafranal copper-porphyry deposit, located approximately 75 km to the southeast of the Ocaña Property. The Phase 3 drill programme has successfully defined a horizontal layer of near surface, supergene mineralization up to 90 metres thick. It is 1,000 metres long and 600 metres wide, bounded to the north by the property boundary, to the southwest by a gravel-filled valley, and open to the east. If the deep holes targeting the eastern hypogene extents are successful, additional short infill holes are planned that may significantly extend the supergene mineralization to the east. The results from hole OCA13-27 suggest that this area has good potential for increasing both tonnage and grade of the supergene mineralization.


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