MINING occurrences of iron-oxide mineralization .
“ It ’ s a great looking project and completely different from Yandera . This project is an iron hosted vein , similar to a gold vein deposit ,” Britz said . “ It ’ s prospective for multiple styles of copper mineralization .”
The company commenced a drilling program in December 2015 to test the grade and continuity of known copper-silver mineralization associated with a major iron-oxide vein at the La Cobota underground mine . The assay results from the project are anticipated to be received in the first quarter of 2016 and a final decision to exercise the option and acquire the mineral rights in the second quarter of 2016 .
“ This initial resource will form the basis for next year . By 2016 , we
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