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 Acana 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.
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 Irmin porphyry copper-molybdenum project in southern Peru - a country with an extensive history of mining. The maiden resource estimate for supergene mineralization at Irmin 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 Irmin project, Indico Resources is looking at other properties of similar characteristics in Peru.
Company Name | Indico Resources Ltd |
Business Category | Gold |
Address | #507 - 837 West Hastings Street Vancouver British Columbia Canada ZIP: V6C 3N6 |
President | Robert Baxter |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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