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Western Metallica Resources Corp. ( (TSE:WMS) ) just unveiled an announcement.
Western Metallica Resources Corp. has successfully completed its initial scout drilling program at the Luz Maria copper-molybdenum target within its Caña Brava Project in Northern Peru. This program has confirmed the potential for a major porphyry-style copper-molybdenum deposit, which could significantly enhance the company’s position in the Andean mining belt. The drilling results suggest the presence of a large and economically viable copper system, marking an important step in the exploration of an Eocene-age porphyry belt. The results from the three drill holes indicate a promising eastward trend towards a hotter porphyry center, with the exploration covering only a small portion of the identified alteration footprint. This positions Western Metallica at the discovery stage, with further exploration anticipated to unlock additional resources.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. operates within the mining industry, focusing on the exploration and development of copper and molybdenum deposits. The company is particularly involved in identifying and validating significant porphyry-related copper-molybdenum resources, with a market focus on projects located in the Andean region, notably in Northern Peru.
YTD Price Performance: 50.0%
Average Trading Volume: 335,935
Technical Sentiment Consensus Rating: Hold
For detailed information about WMS stock, go to TipRanks’ Stock Analysis page.
