Indico Resources Announces Additional Positive Results at Ocaña

Indico Resources Ltd. (TSXV:IDI) has successfully completed its phase 3 drill programme on the supergene zone at its Ocana project. Two of the strongest intersections from this drill program were found at the eastern end of the main ridge, including hole OCA13-28 with 36.2m of 0.68 percent total copper, and hole OCA13-27 with 92.9m of 0.34 percent copper, including 31.5m of 0.69 percent copper. Assay results are pending for holes 30 to 33, which were drilled on the north slope of the ridge.

As quoted in the press release:

The Phase 3 drill programme has successfully defined a horizontal layer of near surface, supergene mineralization up to 90 metres thick (Figure 1). It is 1000 metres long and 600 metres wide, bounded to the north by the property boundary, to the southwest by a gravel-filled valley, and open to the east. If the deep holes targeting the eastern hypogene extents are successful, additional short infill holes are planned that may significantly extend the supergene mineralization to the east. The results from hole OCA13-27 suggest that this area has good potential for increasing both tonnage and grade of the supergene mineralization.

Indico CEO, Bob Baxter, said:

These results demonstrate that there is significant potential for the soluble copper system to increase in volume and lateral extent. The significance of this being that the eastern flank of this ridge has similarities to our southern flank of mineralization, but with a thicker enrichment layer than expected.

Click here to read the Indico Resources Ltd. (TSXV:IDI) press release