INDICO RESOURCES LTD.
Indico Resources Ltd. (IDI) is a Canadian based junior exploration company with a focus in the discovery and exploration of Porphyry copper gold deposits. The current efforts of the company are on the Ocaña porphyry copper-molybdenum project in southern Peru - a country with an extensive history of mining. The maiden resource estimate for supergene mineralization at Ocaña was released in July 2014, and work will progress with on-going drilling and metallurgical studies to be part of a preliminary economic assessment on a proposed heap-leach, SX/EW copper mine. This work will also help outline higher-grade hypogene material within this large porphyry system. Exploration efforts are strengthened by robust prices and strong fundamental long term outlooks of copper, gold and molybdenum.
By combining Canadian and Peruvian business and mining expertise, Indico Resources is positioned for success. A highly regarded geological team with discovery, development and acquisition experience at successful exploration companies such as Norsemont Mining and Corriente Resources will quickly and efficiently develop the prospective projects to their full potential. The company is well financed and has budgeted funds to quickly evaluate and determine the existence and extent of a porphyry copper deposit. In addition to the Ocaña project, Indico Resources is looking at other properties of similar characteristics in Peru.