Drilling on the Tacaza project in southeastern Peru has outlined a geological resource of 4.4 million tonnes grading 1.35% copper, based on a 0.5% cutoff.
Kookaburra Resources (VSE) has drilled 7,700 metres in more than 125 holes, covering a strike length of 1,450 metres.
Subsequent soil samples, taken at 50-metre spacings over a 900-by-2,300-metre area, indicate good copper-lead-zinc correlation. The samples also indicate that the known mineralization extends at least 800 metres to the north. In addition, two outlined areas have yet to be tested.
Kookaburra has about $4.5 million in working capital and 15.4 million shares outstanding.
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