Last C$0.07 CAD
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As of 2:33 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

indico resources ltd (IDI) Snapshot

Open
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Previous Close
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52 Week High
01/2/14 - C$0.19
52 Week Low
10/8/13 - C$0.05
Market Cap
6.5M
Average Volume 10 Days
10.4K
EPS TTM
--
Shares Outstanding
100.5M
EX-Date
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P/E TM
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Current Stock Chart for INDICO RESOURCES LTD (IDI)

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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

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

indico resources ltd (IDI) Key Developments

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.

Indico Resources Ltd. expected to report Fiscal Year 2014 results on September 19, 2014. This event was calculated by Capital IQ (Created on May 22, 2014).

Indico Resources Ltd. expected to report Fiscal Year 2014 results on September 19, 2014. This event was calculated by Capital IQ (Created on May 22, 2014).

Indico Resources Ltd. Announces Positive Results from Supergene Zone at Ocana

Indico Resources Ltd. announced assay results for eight additional drill holes of the Phase 3 programme at Ocaña. Twenty-four holes are now completed, totaling 2262 metres. Sequential copper leach results for these eight holes, with the results indicative of how amenable the mineralization is to heap-leach processing. Three of these holes tested the outer extents of deep chalcocite mineralization in the southeast portion of the prospect. The holes intersected wide intervals of mainly chalcocite mineralization and all ended in primary (hypogene) mineralization above 0.1% Cu, most above 0.2% Cu demonstrating that the sulphide mineralisation continues to the north, south and east. 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 current drill programme is primarily an infill programme to define a horizontal layer of near surface, supergene mineralization, and is designed to tighten the drill spacing to less than 100 metres. A Hydracore 4000 man-portable drill rig is being operated by Geotec S.A., and should be able to complete the programme by early May, 2014. Currently 33 holes are planned, totaling 3150 metres, and comprising mostly short, vertical holes to infill and further delimit near-surface, flat-lying supergene mineralization. Indico has recently signed a contract with Mining Plus Pty Ltd. to conduct a NI 43-101 compliant maiden resource estimate for Ocaña upon completion of this drill phase. As well, SGS Laboratories, under the direction of veteran metallurgist Joseph Keane, will be contracted to perform the column leach tests as the current programme wraps up. The recent drilling completed along the southwest side of the main ridge, where most holes intersected the bottom of the supergene at greater than expected depths. The supergene blanket extends under the alluvial gravel cover. One additional hole, OCA13-24, was added to test the limits of the blanket 100m out in the alluvial valley, and intersected 20 metres of mixed zone supergene (copper oxides and secondary sulphides).

 

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