Laconia receives drilling approval for Kimsa Orcco

THE DRILL SERGEANT: Laconia Resources (ASX: LCR) has received formal permission to drill (Ordene Initio) on the company’s Kimsa Orcco project in Peru.

The company has been granted permission to drill by the Peruvian regulator, the Ministry of Energy and Mines (MINEM) in Directoral Resolution Nº 0106-2014-MEM/DGM.

 

Location of tenements and prospects. Source: Company announcement

 

The nod from the government department follows Laconia gaining all of the necessary environmental approvals and Social Licence over the immediate area of impact of the Kimsa Orcco project, which comprises its 100 per cent-owned Patacancha tenements and the contiguous Huaco Cucho tenements, over which Laconia has an option to earn an 80 per cent indirect interest.

Laconia has commenced exploration activities have commenced with sampling and geological mapping programs currently in progress.

“This is a great result for the Laconia, opening up an enormous exploration opportunity and we now look forward to ongoing exploration and testing our high-grade copper drilling targets,” Laconia Resources managing director Ian Stuart said in the company’s announcement to the Australian Securities Exchange.

“The sheer size and quality of the project has driven Laconia to persevere in challenging market conditions to work constructively with local community groups in a manner that provides a sustainable working relationship that will reward both the patience of shareholders and all other stakeholders.”

Laconia has confidence in its ongoing systematic review of historical sample and drill data, as well as interpretation of ‘state of the art’ satellite alteration data, which the company said has indicated a fully intact high-sulphidation copper-gold-silver system with potential for an underlying mineralised copper porphyry system or associated deposits.

The company has secured access to the entire Ccarhuaraso Epithermal System through the Kimsa Orcco project via its 100 per cent interest the Patacancha tenements and its indirect interest in the Huaco Cucho tenements (seven-year opt ion to earn up to 80 per cent).

Email: info@laconia.com.au

Website: www.laconia.com.au