THE BOURSE WHISPERER: Recently ASX-listed Red Gum Resources has commenced initial Metallurgical Study Testwork at its La Negra polymetallic (zinc, lead, copper and silver) project in northern Chile.
The company said the results of the study would be key in its increased understanding of the metallurgical characteristics of the La Negra deposit, as it moves towards resource definition.
So far the company has identified a mineralised zone it claims to be approximately 1,200 metres long and several hundred metres wide in places, within a regional north-north east striking fault zone of tens of kilometres strike length.
Managing Director Paul Pearson commented,
“We are very pleased to commence the Metallurgical Study at La Negra as we continue to further solidify our position as a diversified base metals explorer in South America,” red Gum Resources managing director Paul Pearson said in the company’s announcement to the Australian Securities Exchange.
“This Study will allow Red Gum to gain an early in-depth understanding of the geological and metallurgical character of the La Negra mineralisation and will be crucial in any future development of La Negra.
“We look forward to updating our shareholders as we progress our exploration program at our very exciting La Negra project.”