Porphyry Copper Mineralisation Still Open in Three Directions VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 11, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce assay results for eight additional drill holes of the Phase 3 programme at Ocaña. Twenty-four holes are now completed, totalling 2262 metres. Sequential copper leach results for these eight holes are tabulated below (Table 1), 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 (see Figure 1) ... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce the initial drill results for the Phase 3 programme at Ocaña, with thirteen holes completed to date, totalling 1434 metres. Results for six of these holes are tabulated below, including the results of sequential copper leach tests that indicate how amenable the mineralization is to heap-leach processing. These first six holes mainly tested the northern extents of the supergene blanket, where it is thinner and eroded through in places. Subsequently we have drilled thick intervals of mainly chalcocite mineralization in the southeast corner and infill holes along the main ridge crest. President &... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is currently drilling the Phase 3 programme at Ocaña, with seven holes completed to date, totalling 620 metres. Visual mineralization in the holes drilled to date supports the geological interpretation from previous drilling in late 2012. Samples for these holes are currently at ACME laboratories preparation facility in Lima, Peru. Geotec S.A., Peru mobilized the drill equipment to site in mid-December, 2013. The Ocaña Property consists of 22 concessions covering 110.24 km2 and is located on the northwest extension of the Southern Peru Porphyry Copper Belt, a trend defined in part by the Toquepala, Qu... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 15, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) announces the appointment of Mr. Asgari bin Mohd Fuad Stephens as a director of the Company, subject to the acceptance of the TSX Venture Exchange. Asgari has over 25 years of experience in both public and private equity [...]
Indico is pleased to announce the closing of its non-brokered private placement announced on November 13, 2013 and increased on December 27, 2013. The Company raised gross proceeds of $2,676,200 through the issuance of 26,762,000 units at a price of $0.10 per Unit. Each Unit consists of one common share and one common share purchase warrant (each a [...]
Indico announces that it has increased the amount of the non-brokered private placement announced on November 13, 2013. The Company will now be issuing up to 26,762,000 units at a price of $0.10 per Unit for gross proceeds of up to $2,676,200. Each Unit will be comprised of one common share in the capital of the Company and one common share [...]
Indico Resources is pleased to announce that it has entered into a non-binding letter of intent with Qatar Mining with respect to the development of the Ocaña Copper Project, located in the Arequipa region of Peru. Pursuant to the terms of the LOI, it is expected that QM will own 51% of the JV Company after completion of the initial earn in [...]
Indico is pleased to announce that it has arranged, subject to the acceptance of the TSX Venture Exchange, a non-brokered private placement of up to 20,000,000 units (each a "Unit") at a price of $0.10 per Unit for gross proceeds of $2,000,000 (the "Private Placement"). Each Unit will be comprised of one common share in the capital of the Company [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 3, 2013) - As a follow-up to its news release dated March 1, 2013, Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce the extension of the closing date of the binding Memorandum of Understanding with the Peruvian owners of Cia Minera Maria Reyna S.A. of Lima [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 25, 2013) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) announces that it has engaged Daniel G. McIntyre Consulting Inc. ("DMC") and Dennis Nenadic ("DN"), both of Vancouver, BC, to provide investor relations services. The principal of DMC is Dan McIntyre. Under the terms of [...]
Further to its news release dated July 29, Indico Resources announces that it has now closed a debt settlement transaction to settle an aggregate of $12,633.43 in debt representing the interest on the loan advanced by Stonehouse Construction Private to the Company under a convertible debentures private placement with Stonehouse and certain other [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 8, 2013) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI). As a result of a review by the British Columbia Securities Commission (the "BCSC"), Indico is issuing the following news release to clarify our disclosure. Based on the review completed by the BCSC, certain information [...]
