Indico Resources Ltd. is a Vancouver based mineral exploration company focused on the discovery and development of porphyry copper deposits in Peru - one of the most prolific mining districts in the world. The company is listed on the TSX Venture Exchange under the symbol "IDI".
Porphyry deposits reportedly contribute up to 60% of the world's copper production and more than 95% of the world's molybdenum production. Peru is host to multiple large porphyry copper deposits including the Toquepala Mine, Cuajone Mine, Cerro Verde Mine, the Quellaveco Project, and the recently discovered Zafranal Project located in the Southern Peru Copper Belt region. Indico's Ocana project lies in the northwest corner of this copper belt and constitutes the northern-most known porphyry system.
Indico's veteran technical team has proven exploration and discovery experience. Management's extensive network, business and cultural understanding in the region give opportunities to the company to assess and acquire other quality projects. The company utilizes geological and regional expertise to identify world-class deposits in Peru and maximize shareholder value.