Search

St Francis hits Bolivia

THE current focus for Perth-based St Francis Mining NL is Bolivia, where it has acquired 60 per cent equity in the Chacarilla project.

High-grade copper samples from the prospect have been collected from more than 30 kilometres along a mineralised corridor about 35km long and 2km wide. This trend hosts some old copper workings.

Reports put the copper resource at 18.9 million tonnes at a grade of 2.44 per cent copper.

Independent consultant Terence Willstead & Associates Pty Ltd has valued the project at between US$14 million and US$35 million, with a most likely project value of US$25 million.

The company has reestablished a camp at the mine site and an office in the city of La Paz, and is negotiating with United States parties interested in assisting with raising funds for the project.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer