Adrian Resources (TSE) is investigating the feasibility of commencing production at the Petaquilla polymetallic property and adjacent exploration concessions in northern Panama.
Fluor Daniel Wright has been engaged to revise resource estimates and analyze various proposals for production rates and mine plans.
Six copper-gold deposits have been defined on the property, which lies on the edge of a felsic intrusive body 25 km wide.
The main Petaquilla and Botija deposits have a combined minable reserve of 579 million tonnes grading 0.52% copper and 0.014% molybdenum, as well as 0.12 gram gold and 1.32 grams silver per tonne. These deposits are minable by open-pit methods.
The study will also look at production possibilities for the Valle Grande, Brazo and Vega copper-gold zones, as well as the Molejon gold deposit, an epithermal system on the fringe of the porphyry.
Adrian has a 52% interest in the property, Inmet Mining (TSE) the remainder. Teck (TSE) is earning half of Adrian’s interest by funding the feasibility work.
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