|
INV Metals Inc.
INV Metals Inc. is a Canadian mineral resource company focused on the development and exploration of the Loma Larga (formerly Quimsacocha) gold property, located in Ecuador. The Company closed the transaction to purchase the Loma Larga property from IAMGOLD Corporation on November 14, 2012. In connection with the purchase, INV Metals issued 221 million shares to IAMGOLD as consideration and the Company raised $20 million in gross proceeds. The Company has planned an aggressive exploration program at the property over 18 months, including updating the engineering and other studies required for the advancement of the project.
The Loma Larga gold property contains an Indicated Mineral Resource estimated at 3.3 million oz Au within 32.6 million tonnes grading 3.2 g/t Au, 22 g/t Ag and 0.20% Cu, with an Inferred Mineral Resource estimated at 0.2 million oz Au within 2.3 million tonnes grading 2.2 g/t Au, 27 g/t Ag and 0.22% Cu, both at an NSR cut-off value of US$22 per tonne, equivalent to approximately a 0.4 g/t gold cut-off (see Technical Report)1. The Company will focus its exploration efforts on the expansion of the known deposit, the discovery of additional similar epithermal gold deposits within the large alteration system and on the discovery of possible related porphyry copper-gold deposits.
Contact us
55 University Avenue
Suite 700
Toronto, Ontario
M5J 2H7
Phone: 416-703-8416
Fax: 416-703-8299
Email: questions@invmetals.com
|
|