Indico is pleased to provide additional encouraging drill results from the Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Arequipa Region, Southern Peru. In Phase 2, a total of 4733 metres were drilled in 19 holes; the additional significant assay results from holes received since the last news release are shown in Figure 1 and Table 1, and all significant intersections are listed in Table 2. The [...]
Indico is pleased to provide initial drill results from the Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Arequipa Region, Southern Peru. The Phase 2 programme, now complete, tested the thickness and grade of sulphide and oxide supergene mineralization intersected by two holes in Phase 1, delineated higher-grade hypogene zones that occur mainly within the breccia target at the centre of the system, and [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/02/12 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) is pleased to provide an update on the Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Southern Peru. The Phase 2 programme is testing the maximum thickness and grade of sulphide and oxide supergene mineralization intersected by two holes in Phase 1, delineating [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) announces the granting of incentive stock options to certain of its directors, officers and consultants to purchase up to an aggregate of 2,750,000 common shares in its capital stock at a price of $0.24 per share, exercisable for a period of two years.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/19/12 -- Indico Resources Ltd. (TSX VENTURE: IDI)(OTCQX: IDIFF) ("Indico" or the "Company") is pleased to provide an update on the results from its annual general meeting of shareholders held on Thursday, October 18, 2012. At the meeting, the shareholders elected four new members to the Company's board of directors. The shareholders also re-appointed the current [...]
Indico Resources is pleased to announce the signing of a binding Memorandum of Understanding with the Peruvian owners of Cia Minera Maria Reyna S.A. of Lima, Peru wherein Indico will acquire an indirect 51% interest and further be granted an exclusive option to acquire the remaining indirect interest in the Maria Reyna Co-Mo porphyry project in southern Peru. The project consists of a 3164 hectare group of mining titles [...]
Indico Resources is pleased to announce the appointment of Dean Linden as Manager, Corporate Development for the Company. In 1997 Dean joined ID Biomedical Corp., a start-up biotech company that became a global leader in flu-vaccine manufacturing, and which was acquired by GlaxoSmithKline in 2005 for $1.7 billion. Currently, Dean is on the foundation's advisory board of 100 Urban Entrepreneurs and is in charge of [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/10/12 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) is pleased to announce the beginning of its Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Southern Peru.
The planned drill program is underway with two diamond drill rigs on site drilling both day and night shift. Indico's planned Phase 2 drilling program at Ocana [...]
Indico is pleased to announce the closing of its non-brokered private placement announced on July 30, 2012 and increased on September 11. The Company raised gross proceeds of $3,318,420 through the issuance of 27,653,500 units at a price of $0.12 per Unit. Each Unit consists of one common share and one-half of one common share purchase warrant. One whole Warrant entitles the holder to purchase one common share at an [...]
Indico announces that it has increased the amount of the non-brokered private placement announced on July 30, 2012. The Company will now be issuing up to 27,653,500 units at a price of $0.12 per Unit for gross proceeds of up to $3,318,420 and is fully subscribed. Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each a "Warrant"). Each whole Warrant will entitle the holder [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/12 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) is pleased to announce the appointment of Mr. Robert Baxter to the Company's Board of Directors.
Mr. Baxter brings to the Indico board over 25 years of experience in the mining industry, principally in Latin America. He is currently the Chief Executive Officer and President of [...]
Indico announces that it has amended the terms of the non-brokered private placement announced on July 10, 2012. The Company will now be issuing up to 25,000,000 units at a price of $0.12 per Unit for gross proceeds of $3.0 million. Each Unit will be comprised of one common share and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share at an exercise price [...]
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